ORIG: Ocean Rig UDW Inc. Instablogs

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 22, 4:18 PM Ocean Rig UDW (ORIG): Q1 EPS of $0.05 beats by $0.25. Revenue of $246.44M beats by $23.21M. Shares +2.6% AH. (PR) Comment! [Earnings, Breaking News, On the Move]
Monday, March 25, 11:33 AM Much more demand for ultra-deepwater and jackup rigs means "much more room to run" for offshore drillers, Credit Suisse says. The high percentage of future earnings currently tied to rigs under construction has been a drag to the stocks, the firm says; Ocean Rig (ORIG) is an example of one that trades below book value and net asset value as much of its fleet is now under construction. 4 Comments [Energy, Quick Ideas]
Wednesday, March 20, 11:14 AM Transocean (RIG +1.2%) would be better off ignoring Carl icahn's call for a fatter dividend and using some of its extra cash on acquisitions to upgrade its fleet and improve sales growth, some analysts say. Purchasing a company - such as ORIG or PACD - with more modern rigs could help trim RIG’s maintenance costs and allow it to charge higher rates to customers. 2 Comments [Energy, M&A]
Wednesday, March 6, 4:49 PM Ocean Rig UDW (ORIG): Q4 EPS of -$0.21 beats by $0.13. Revenue of $229.8M misses by $3M. (PR) Comment! [Earnings, Breaking News, Energy]
Tuesday, February 12, 10:13 AM DryShips (DRYS +1%) increases its offering of subsidiary Ocean Rig UDW (ORIG -5.7%) stock to 7.5M shares from 5M announced yesterday, saying it expects to raise ~$126M. After the sale, expected to close Thursday, DRYS will still own ~59.4% of ORIG's ~131.7M shares outstanding. ORIG won't receive any proceeds from the offering. 3 Comments [On the Move]
Tuesday, February 12, 9:10 AM Premarket gainers: STEM +30%. ZIOP +14%. KORS +12%. MAS +8%. AVP +7%. HERO +7%. BCS +7%. GY +6%. OPXA +6%. GTE +5%.
Losers: MELA -17%. ORIG -5%. WNS -5%.
Comment! [On the Move]
Monday, February 11, 5:44 PM After-hours top gainers, as of 5:15 p.m.: RXN +13%. GTE +9%. MAS +5%. NCLH +4%. BCOR +3%.
After-hours top losers: AMSC -8%. ORIG -5%. NTI -5%. MTGE -3%. GMED -3%. Comment! [On the Move]
Monday, February 11, 5:44 PM Ocean Rig UDW (ORIG) -4.5% AH after DryShips (DRYS) reveals plans to sell 5M ORIG common shares it owns in a public offering. ORIG will receive no proceeds from the sale. This may not be the final share sale, as DRYS still is expected to own ~61.3% of ORIG’s outstanding shares after the offering. DRYS +0.4% AH. Comment! [On the Move]
Friday, January 25, 10:27 AM Halliburton (HAL +4.6%) hits a 52-week high following upside Q4 results, leading the oil services (OIH +1.5%) and energy (XLE +0.8%) sectors; peers SLB and BHI also move up. Barclays sees up-and-coming offshore drillers Atwood Oceanics (ATW), Ocean Rig (ORIG) and Pacific Drilling (PACD) coming along for the ride as ways to gain exposure to the global proliferation of offshore drilling. 1 Comment [Energy, Quick Ideas, On the Move]
Friday, November 30, 2012, 8:51 AM Petrobras (PBR) cancels an order for five drill ships from Ocean Rig UDW (ORIG), saying it needs to drill fewer wells in the Santos Basin than originally expected. PBR had agreed to lease five offshore drill rigs from ORIG for $548K/day as part of a $225B expansion plan aimed at tapping vast oil reserves recently discovered off Brazil's coast. 2 Comments [Energy]
Wednesday, November 14, 2012, 5:37 PM Ocean Rig UDW (ORIG): Q3 EPS of $0.21 misses by $0.04. Revenue of $285.7M (+26.5% Y/Y) beats by $7M. (PR) Comment! [Earnings, Energy]
Wednesday, August 29, 2012, 3:07 PM Credit Suisse initiates coverage of energy equipment and services providers with an Overweight rating, seeing projects in Brazil, Africa and the Gulf of Mexico driving a cycle of multiyear growth. The firm likes the fleet mix at top picks Rowan (RDC) and Noble (NE), believing the jackup market is under appreciated, and both companies are building out their UDW fleets. 2 Comments [Energy, Quick Ideas]
Thursday, August 16, 2012, 5:01 PM Ocean Rig UDW (ORIG): Q2 EPS of $0.06 misses by $0.19. Revenue of $263.5M (+107% Y/Y) beats by $16M. (PR) Comment! [Earnings, Energy]
Monday, June 18, 2012, 3:56 PM Raymond James also is busy today downgrading oil services stocks, forecasting the number of active U.S. land-based rigs to fall by 500, or ~25%, by the end of 2013. The firm cut ratings for ESV, NE, NOV, PTEN, SPN, ORIG, HERO, KEG, GGS and BAS. (earlier) 8 Comments [Energy, Quick Ideas]
Wednesday, May 16, 2012, 3:05 PM Deutsche Bank initiates Ocean Rig UDW (ORIG -1.7%) at Buy with a $22 price target, believing ORIG is well positioned to benefit from rising deepwater day rates and limited near-term supply growth. With a fleet of six high quality rigs and an additional three new builds slated for 2013, the firm says ORIG has one of the youngest and most targeted fleets in the industry. Comment! [Energy, Quick Ideas, On the Move]
Tuesday, April 10, 2012, 11:20 AM Ocean Rig UDW (ORIG -4.3%) slips after unveiling plans for a bigger-sized offer of up to $175M of its shares by its biggest shareholder, dry-bulk shipper DryShips (DRYS -1.3%). Comment! [On the Move]

ORIG Ocean Rig UDW Inc.

ORIG

Ocean Rig UDW Inc.