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Zacks Investment Research downgraded Ocean Rig UDW Inc. (NASDAQ:ORIG) to Hold in a report released today.

Only yesterday Ocean Rig UDW Inc. (NASDAQ:ORIG) traded 1.16% higher at $0.17. ORIG’s 50-day average is $0.18 and its two hundred day average is $0.27. The last close is down -36.38% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same period. Trade Volume was down over the average, with 216,404 shares of ORIG changing hands under the typical 936,414

Zacks Investment Research has downgraded Ocean Rig UDW Inc. (NASDAQ:ORIG) to Hold in a report released on 06/21/2017.

Recent Performance Chart

Ocean Rig UDW Inc. (NASDAQ:ORIG)

Ocean Rig UDW Inc. has a 52 week low of $0.12 and a 52 week high of $2.89 Ocean Rig UDW Inc.’s market capitalization is currently $0.

Also covering Ocean Rig UDW Inc.'s price target, a total of 8 firms have reported on the stock. The consensus target price is $1.94 with zero equity analysts rating the company a strong buy, 1 broker rating the stock a buy, 2 brokerages rating the company a hold, four brokerages rating the company a underperform, and finally 1 broker rating the stock a sell.

More About Ocean Rig UDW Inc. (NASDAQ:ORIG)

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. The Company's drilling units include Leiv Eiriksson, Ocean Rig Corcovado, Ocean Rig Poseidon, Ocean Rig Mykonos, Ocean Rig Mylos, Ocean Rig Skyros and Ocean Rig Athena. In addition, the Company, through its wholly owned subsidiary, provides supervisory management services including onshore management to its operating drilling units and drilling units under construction.

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