- ORIG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.4 million.
- ORIG has traded 161,910 shares today.
- ORIG is trading at 4.21 times the normal volume for the stock at this time of day.
- ORIG is trading at a new low 4.04% below yesterday's close.
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- The revenue growth came in higher than the industry average of 1.6%. Since the same quarter one year prior, revenues rose by 11.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Energy Equipment & Services industry. The net income increased by 2771.5% when compared to the same quarter one year prior, rising from -$1.54 million to $41.14 million.
- OCEAN RIG UDW INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. However, we anticipate underperformance relative to this pattern in the coming year. During the past fiscal year, OCEAN RIG UDW INC increased its bottom line by earning $1.97 versus $0.48 in the prior year. For the next year, the market is expecting a contraction of 27.9% in earnings ($1.42 versus $1.97).
- ORIG's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 47.74%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Turning toward the future, the fact that the stock has come down in price over the past year should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, we believe that it is too soon to buy.
- Currently the debt-to-equity ratio of 1.51 is quite high overall and when compared to the industry average, suggesting that the current management of debt levels should be re-evaluated.
- You can view the full Ocean Rig UDW Ratings Report.
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