Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ocean Rig (ORIG) Stock Price

News stories about Ocean Rig (NASDAQ:ORIG) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Ocean Rig earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.8938886891165 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Ocean Rig stock opened at $25.87 on Friday. Ocean Rig has a 12-month low of $20.22 and a 12-month high of $40.00. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.20.

Several equities research analysts have recently issued reports on ORIG shares. BidaskClub cut shares of Ocean Rig from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. ValuEngine cut shares of Ocean Rig from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Deutsche Bank started coverage on shares of Ocean Rig in a research report on Tuesday, March 20th. They set a “hold” rating and a $30.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Ocean Rig currently has a consensus rating of “Hold” and an average target price of $30.00.

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About Ocean Rig

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.

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