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Zacks upgraded shares of Ocean Rig Udw (NASDAQ: ORIG) from a neutral rating to an outperform rating in a research report released on Monday morning, AnalystRatingsNetwork reports. Zacks currently has $19.70 price objective on the stock.
Shares of Ocean Rig Udw (NASDAQ: ORIG) opened at 18.47 on Monday. Ocean Rig Udw has a one year low of $12.14 and a one year high of $18.43. The stock’s 50-day moving average is currently $15.57. The company’s market cap is $2.433 billion.
Separately, analysts at Credit Suisse downgraded shares of Ocean Rig Udw from an outperform rating to a neutral rating in a research note to investors on Wednesday, June 12th. They now have a $19.00 price target on the stock, down previously from $20.00.
One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Ocean Rig Udw currently has an average rating of Buy and a consensus price target of $22.20.
Ocean Rig UDW Inc is a Marshall Islands-registered international offshore drilling contractor. The Company provides oilfield services for offshore oil and gas exploration, development and production drilling.Image may be NSFW.
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