Ocean Rig Udw (NASDAQ:ORIG) had its price objective raised by Barclays Capital from $26.00 to $29.00 in a research report released on Wednesday morning, StockRatingsNetwork reports. Barclays Capital currently has an overweight rating on the stock.
Barclays Capital has also taken action a number of other stocks recently. The firm raised its price target on shares of Canadian Natrl Res from $35.00 to $37.00. They have a hold rating on that stock. Also, Barclays Capital reiterated its hold rating on shares of Carlyle Group LP. They have a $31.00 price target on that stock. Finally, Barclays Capital raised its price target on shares of ENSCO PLC from $75.00 to $82.00. They have an overweight rating on that stock.
Ocean Rig Udw (NASDAQ: ORIG) traded down 0.23% on Wednesday, hitting $17.46. Ocean Rig Udw has a 1-year low of $13.45 and a 1-year high of $18.92. The stock’s 50-day moving average is currently $17.57. The company’s market cap is $2.300 billion.
ORIG has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Ocean Rig Udw from a neutral rating to an outperform rating in a research note to investors on Monday, July 1st. They now have a $19.70 price target on the stock. 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $22.44.
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.
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