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Ocean Rig UDW Inc (ORIG) [hlAlert]

Rating:
Buy ORIG
down 65.05 %

Ocean Rig UDW Inc (ORIG) rated Buy with price target $14 by Standpoint Research

Posted on: Friday,  May 15, 2015  10:25 AM ET by Standpoint Research

Standpoint Research rated Buy Ocean Rig UDW Inc (NASDAQ: ORIG) on 05/15/2015, when the stock price was $8.87.
Since then, Ocean Rig UDW Inc has lost 65.05% as of 01/19/2016's recent price of $3.10.
If you would have followed this Standpoint Research's recommendation on ORIG, you would have lost 65.05% of your investment in 249 days.

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. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig owns and operates two ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, both based on the Company?s Bingo 9000 design. In addition, in January 2011, the Company took delivery of the new build drillship Ocean Rig Corcovado from Samsung Heavy Industries in Korea. As of December 22, 2010, Ocean Rig UDW Inc. was majority owned by DryShips Inc., which held a 78% stake in the Company.

Standpoint Research provides independent equity research that is free from the conflicts of asset management, investment banking, proprietary trading, and fee-for-research arrangements. We provide thorough analysis, diagnostics and forecasts on domestic and international equities and markets backed by alpha-generating variables back-tested on many years of data. Standpoint Research currently advises and sells its research to pension funds, hedge funds and asset management firms. Wall Street analysts have an optimistic bias, while we are more objective. In fact some of the variables in our model that are looked at as positives by Wall Street actually carry negative weight in our model. We have a strict discipline that includes running our proprietary 155-variable valuation and diagnostics model with a personal and subjective overlay that has been proven to add value. The effectiveness is demonstrated through our impressive track record of recommendations.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/15/2015 10:25 AM Buy
None
8.87 14.00
as of 8/27/2015
1 Week down  -11.17 %
1 Month down  -46.45 %
3 Months down  -65.16 %
1 YTD down  -65.05 %

(*) Stock Price at the time of the recommendation.
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