UP!
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Type
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Public |
|---|---|
| Traded as | NASDAQ: ORIG |
| Industry | Drilling |
| Founded | 1996 |
| Headquarters | Athens, Greece |
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Key people
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George Economou (CEO, Chairman) |
| Services | Drilling |
| Revenue |  US$2.185 billion (2014) |
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Operating income
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US$499.3 million (2014) |
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Net income
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US$259.8 million (2014) |
| Total assets | US$8.042 billion (2014) |
| Total equity | US$3.448 billion (2014) |
| Owner | DryShips Inc (34.9%) |
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Number of employees
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1.093 (2011) |
| Website | www |
Ocean Rig UDW Inc. is an operator of semi-submersible oil rigs and UDW drillships based in Athens, Greece. The company also maintains offices in Luanda, Angola, Jersey, Rio de Janeiro, Brazil and Stavanger, Norway..
The company has two semi-submersibles, the Leiv Eiriksson and Eirik Raude, and four ultra deepwater drill ships "Ocean Rig Olympia", "Ocean Rig Mykonos", "Ocean Rig Poseidon" and "Ocean Rig Corcovado". Four further ultra deep water drill ships are currently under construction with three due for completion in 2013, and one in 2015.
Areas of operation as of 2012 are Brazil, West Africa, East Africa and the Norwegian sector.
The company was established in 1996 as Ocean Rig ASA. Ocean Rig was listed on the Oslo Stock Exchange in 1997–2008. Since 2011 it is listed in NASDAQ. In 2007–2008, 74% of the company is owned by DryShips Inc, controlled by Greek-American shipping tycoon George Economou.
In 2011 the Leiv Eirikson finished operations the Black Sea on contract to Petrobras and TPAO and went to the Arctic on contract to Cairn Energy. In 2012 Leiv Eirikson is drilling in the East Falklands Basin. The Eirik Raude is in Ghana on contract to Tullow Oil. Both semi-submersible drilling rigs are based on the proprietary Bingo 9000 design. The rigs have a water depth capacity of 10,000 feet (3,000 m) and variable deck load of 7,000 tonnes.
| 2016-06-30 | Reiterated Rating | Evercore ISI | Hold | |
| 2016-06-09 | Reiterated Rating | Evercore ISI | Hold | |
| 2016-05-24 | Boost Price Target | Deutsche Bank | Buy | $3.00 to $4.00 |
| 2016-05-24 | Boost Price Target | Deutsche Bank AG | Buy | $3.00 to $4.00 |
| 2016-03-11 | Downgrade | Piper Jaffray | Neutral to Underweight | $1.00 to $0.65 |
| 2016-03-11 | Downgrade | Simmons | Neutral to Underweight | $1.00 to $0.65 |
| 2016-03-11 | Lower Price Target | Deutsche Bank | Buy | $9.00 to $3.00 |
| 2016-03-11 | Downgrade | Piper Jaffray Cos. | Neutral to Underweight | $1.00 to $0.65 |
| 2016-02-16 | Downgrade | Evercore ISI | Buy to Hold | $1.60 to $0.60 |
| 2016-02-09 | Downgrade | Danske | Sell | |
| 2016-01-27 | Downgrade | Nordea Equity Research | Sell | |
| 2016-01-27 | Reiterated Rating | Clarkson Capital | Neutral | |
| 2016-01-13 | Downgrade | Seaport Global Securities | Accumulate to Neutral | $1.70 to $1.30 |
| 2015-12-27 | Reiterated Rating | Evercore ISI | Buy | |
| 2015-12-21 | Reiterated Rating | Evercore ISI | Buy | |
| 2015-12-10 | Lower Price Target | Barclays | Underweight | $3.00 to $2.00 |
| 2015-12-10 | Lower Price Target | Barclays PLC | Underweight | $3.00 to $2.00 |
| 2015-12-09 | Lower Price Target | Deutsche Bank | Buy | $13.00 to $9.00 |
| 2015-12-03 | Reiterated Rating | Raymond James | Market Perform | |
| 2015-12-03 | Reiterated Rating | Raymond James Financial Inc. | Market Perform | |
| 2015-11-03 | Lower Price Target | Seaport Global Securities | $3.00 to $2.60 | |
| 2015-10-20 | Reiterated Rating | Clarkson Capital | Buy | |
| 2015-10-09 | Reiterated Rating | Raymond James | Market Perform | |
| 2015-10-08 | Lower Price Target | Seaport Global Securities | Accumulate | $3.00 |
| 2015-09-28 | Boost Price Target | Deutsche Bank | Buy | $12.00 to $13.00 |
| 2015-08-21 | Lower Price Target | Global Hunter Securities | $4.50 to $3.70 | |
| 2015-08-21 | Lower Price Target | Seaport Global Securities | $4.50 to $3.70 | |
| 2015-08-17 | Lower Price Target | Cowen and Company | Outperform | $12.00 to $8.00 |
| 2015-08-13 | Lower Price Target | Barclays | Underweight | $5.00 to $3.00 |
| 2015-08-10 | Upgrade | Danske | Sell to Hold | |
| 2015-06-11 | Initiated Coverage | Barclays | Underweight | $5.00 |
| 2015-05-15 | Reiterated Rating | Raymond James | Market Perform | |
| 2015-05-15 | Initiated Coverage | Standpoint Research | Buy | $14.00 |
| 2015-04-07 | Initiated Coverage | Global Hunter Securities | Accumulate | $7.50 |
| 2015-04-07 | Initiated Coverage | Seaport Global Securities | Accumulate | $7.50 |
| 2015-02-02 | Downgrade | Raymond James | Outperform to Market Perform | |
| 2014-11-10 | Downgrade | Guggenheim | Buy to Neutral | $28.00 to $15.00 |
| 2014-10-15 | Initiated Coverage | Evercore ISI | Buy | |
| 2014-08-08 | Downgrade | Nordea Equity Research | Strong-Buy to Buy | |
| 2014-08-04 | Reiterated Rating | Deutsche Bank | Buy | $24.00 to $21.00 |
| 2014-08-01 | Upgrade | Nordea Equity Research | Buy to Strong-Buy | $21.50 |
| 2014-07-21 | Lower Price Target | Raymond James | $21.00 to $20.00 | |
| 2014-05-27 | Boost Price Target | Raymond James | Outperform | $20.00 to $21.00 |
| 2014-05-27 | Reiterated Rating | Barclays | Overweight | $23.00 to $24.00 |
| 2014-02-19 | Reiterated Rating | Wunderlich | Buy | |
| 2013-11-06 | Reiterated | Cowen | Outperform | $26 to $29 |
| 2013-11-06 | Boost Price Target | Cowen and Company | Outperform | $26.00 to $29.00 |
| 2013-11-05 | Upgrade | DNB Markets | Buy | |
| 2013-10-29 | Initiated Coverage | Danske Bank A/S | Hold | |
| 2013-01-30 | Initiated | Imperial Capital | Outperform | $19.50 |
| 2012-07-18 | Initiated | Dahlman Rose | Buy | $24 |
| 2016-06-30 | Reiterated Rating | Evercore ISI | Hold | |
| 2016-06-09 | Reiterated Rating | Evercore ISI | Hold | |
| 2016-05-24 | Boost Price Target | Deutsche Bank | Buy | $3.00 to $4.00 |
| 2016-05-24 | Boost Price Target | Deutsche Bank AG | Buy | $3.00 to $4.00 |
| 2016-03-11 | Downgrade | Piper Jaffray | Neutral to Underweight | $1.00 to $0.65 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ORIG 9 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| GLG Partners LP | 0.37M |
| KCG Holdings, Inc. | 0.31M |
| Investors Capital Advisory Services | 33553 |
| Oceanic Investment Management LTD | 17360 |
| Lombard Odier & Cie (Canada), Limited Partnership | 36 |
| MetLife Securities, Inc | 17 |
| BlackRock Japan Co. Ltd | 9 |
| Pinnacle Summer Investments, Inc. | 7 |
| HUNTINGTON NATIONAL BANK | 1 |
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