Somewhat Favorable News Coverage Very Likely to Affect Ocean Rig UDW (ORIG) Share Price

News headlines about Ocean Rig UDW (NASDAQ:ORIG) have been trending somewhat positive this week, according to AlphaOne. AlphaOne, a service of Accern, identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ocean Rig UDW earned a daily sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave headlines about the oil and gas company an impact score of 81 out of 100, meaning that recent media coverage is very likely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have effected AlphaOne Sentiment’s rankings:

Several equities analysts recently commented on ORIG shares. TheStreet downgraded Ocean Rig UDW from a “c” rating to a “d-” rating in a research report on Thursday, February 23rd. Zacks Investment Research raised Ocean Rig UDW from a “hold” rating to a “buy” rating and set a $0.25 price target for the company in a report on Friday, March 31st.

Ocean Rig UDW (NASDAQ:ORIG) traded up 9.1342% during midday trading on Friday, hitting $0.2294. The stock had a trading volume of 812,737 shares. Ocean Rig UDW has a 1-year low of $0.17 and a 1-year high of $3.38. The company has a 50-day moving average of $0.24 and a 200-day moving average of $1.04.

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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.

12 Month Chart for NASDAQ:ORIG

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