Earnings Forecast Research on Ocean Rig UDW Inc. (ORIG)

Ocean Rig UDW Inc. has received $0.33 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 3 Financial Advisor in the Stock Trading Firms. Among 3 Analysts, Bottom line EPS Estimate for the current quarter is $0.27 while the top line estimate is $0.38 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at -56.44%.

Ocean Rig UDW Inc. results fell short with a surprise EPS of -11.32% or $-0.06. The Actual EPS was $0.47 compared to the Estimated EPS of $0.53 during its most recent quarterly earnings.

Ocean Rig UDW Inc. has a Price to Earnings ratio of 0.36 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 0.03. For the Most Recent Fiscal Year, Ocean Rig UDW Inc. has a price to cash ratio of 0.3. For the Trailing twelve month period, company showed a Net Profit Margin of 17.34% and Return on Equity of the stock is 13.09%.

In the last quarter, Ocean Rig UDW Inc. reported Annual Earnings of $0.47. Based on the filings, last years Annual Earnings was, $2.22. In the last Quarter, ORIG reported a surprise Earnings per Share of -11.32% . The consensus estimate for current quarter is $0.33 and for the current fiscal year, the estimate is $3.94. For the Next fiscal year, the estimate is $-0.87 based on the consensus.

Ocean Rig UDW Inc. (NASDAQ:ORIG) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.1 points or 6.62% at $1.41 with 2,175,977 shares getting traded. Post opening the session at $1.51, the shares hit an intraday low of $1.36 and an intraday high of $1.56 and the price was in this range throughout the day. The company has a market cap of $116 million and the number of outstanding shares has been calculated to be 82,586,851 shares. The 52-week high of Ocean Rig UDW Inc. (NASDAQ:ORIG) is $3.38 and the 52-week low is $0.6601.

Ocean Rig UDW Inc. is engaged in providing offshore drilling services to oil and gas exploration, development and production drilling industry. The Company specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. Ocean Rig UDW Inc., formerly known as Primelead Shareholders Inc., is based in Sandnes, Norway.


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