Ocean Rig UDW LLC (NASDAQ:ORIG) registered a -6.21% decrease, still its new closing price is 128.79% up from the company’s 1 year high of 3.38.It posted -1.95% losses in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 2 of Wall Street analysts have an underperform rating; the 2 sells versus 0 buy or better ratings. The 5 stock analysts following this company have an average price target at $0.78, with individual PT in the $0.50-$1.00 range. The shares moved at $1.51, implying that brokerage firms see shares gaining about 31.30% in twelve months time.
Ocean Rig UDW LLC (NASDAQ:ORIG) Upcoming Results on Tap
Ocean Rig UDW LLC will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.01 in that period. Sales during the quarter are predicted to arrive at $307.6 million.
Earnings surprise history: Last quarter, the company posted approximately $335.04 million in revenue and EPS of $0.49. The mean forecast was for $360.66 million and $0.56 a share, respectively. One quarter earlier, revenue for the stock was at $452.56 million, with earnings at $1.90/share.
Ocean Rig UDW LLC (ORIG) Brokerage Update
Ocean Rig UDW LLC (ORIG) is in Deutsche Bank’s research list so their analyst rating change is noteworthy. These shares were downgraded to Hold from Buy by Deutsche Bank, according to news reported on Tuesday August 16, 2016.Another important research note was issued by Piper Jaffray on Friday March 11, 2016.The firm downgraded ORIG to Underweight from Neutral. Over the last six months and over the last three months, the shares of Ocean Rig UDW LLC (ORIG), have changed -22.56% and 31.30%, respectively.