Ocean Rig UDW (ORIG) Getting Favorable Media Coverage, Analysis Finds
Media stories about Ocean Rig UDW (NASDAQ:ORIG) have trended positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ocean Rig UDW earned a coverage optimism score of 0.33 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.
A number of equities analysts have issued reports on ORIG shares. Zacks Investment Research upgraded Ocean Rig UDW from a “hold” rating to a “buy” rating and set a $0.25 price target on the stock in a report on Friday, March 31st. ValuEngine cut Ocean Rig UDW from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Ocean Rig UDW (NASDAQ ORIG) opened at 0.12 on Friday. Ocean Rig UDW has a 12-month low of $0.12 and a 12-month high of $2.89. The firm’s 50 day moving average price is $0.20 and its 200-day moving average price is $0.79.
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About Ocean Rig UDW
Ocean Rig UDW Inc is a Cyprus-based offshore drilling contractor that provides oilfield services for oil and gas exploration, development and production drilling, and specializes in the ultra-deepwater and harsh-environment segment of the drilling industry. The Company owns and operates approximately 13 offshore ultra deepwater drilling units, comprising of ultra deepwater semisubmersible drilling rigs and ultra deepwater drill-ships.
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