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Ocean RIG UDW Inc (ORIG.OQ)

ORIG.OQ on NASDAQ Stock Exchange Global Select Market

0.78USD
24 Feb 2017
Change (% chg)

$-0.03 (-3.63%)
Prev Close
$0.81
Open
$0.83
Day's High
$0.83
Day's Low
$0.73
Volume
713,624
Avg. Vol
391,745
52-wk High
$3.37
52-wk Low
$0.66

Latest Key Developments (Source: Significant Developments)

Ocean Rig Udw Inc. reports financial results for the third quarter 2016
Wednesday, 14 Dec 2016 04:05pm EST 

Ocean Rig Udw Inc : Fleet wide utilization for q3 of 2016 was 97.43% . Total backlog as of december 12, 2016 amounted to $1.8 billion . Ocean Rig Udw - continues to explore strategic alternatives with financial, legal advisors, may include possible restructuring under us bankruptcy laws . Ocean Rig Udw inc. Reports financial and operating results for the third quarter 2016 . Q3 earnings per share $0.47 . Q3 revenue $335 million versus I/B/E/S view $360.7 million .Q3 earnings per share view $0.56 -- Thomson Reuters I/B/E/S.  Full Article

Ocean Rig UDW Q2 earnings per share view $0.72
Thursday, 11 Aug 2016 04:05pm EDT 

Ocean Rig UDW Inc : Ocean Rig UDW Inc. Reports financial and operating results for the second quarter 2016 . Q2 revenue $452.6 million versus I/B/E/S view $376.5 million . Q2 earnings per share $1.83 .Q2 earnings per share view $0.72 -- Thomson Reuters I/B/E/S.  Full Article

Lundin Petroleum CEO says has signed deepwater rig Leiv Eiriksson at "well below $200,000 per day"
Wednesday, 11 May 2016 03:33am EDT 

: Lundin Petroleum CEO Alex Schneiter says has taken advantage of the current market situation and has signed Ocean Rig's deepwater rig Leiv Eiriksson at "well below $200,000 per day" Further company coverage: [LUPE.ST] [ORIG.O] (Reporting By Stine Jacobsen) ((olepetter.skonnord@thomsonreuters.com;)).  Full Article

Ocean Rig UDW Inc to acquire ultra deepwater drillship for $65 mln
Monday, 25 Apr 2016 09:00am EDT 

Ocean Rig UDW Inc:Ocean Rig UDW Inc announces acquisition of Ultra Deepwater Drillship.Purchase price of $65 million.Purchase price will be funded with available cash on hand.Says Drillship will be renamed Ocean Rig Paros upon its delivery to Ocean Rig.One of its subsidiaries has acquired "6th generation ultra deepwater drillship Cerrado, being sold through an auction".  Full Article

Ocean Rig UDW Inc suspends quarterly dividend
Thursday, 6 Aug 2015 04:02pm EDT 

Ocean Rig UDW Inc:Suspends quarterly dividend until market conditions improve.  Full Article

Ocean Rig UDW Inc announces closing of 28,571,428 shares of common stock
Monday, 8 Jun 2015 04:05pm EDT 

Ocean Rig UDW Inc:Closes previously announced offering of 28,571,428 shares of common stock, par value $0.01 per share, at a price of $7.00 per share.Clarksons Platou Securities, Inc., Pareto Securities Inc. and Seaport Global Securities LLC acted as joint lead managers, joint bookrunners and placement agents in the offering.Net proceeds from the offering were about $193.9 million.To use the net proceeds from the offering for working capital and general corporate purposes, including the acquisition of drilling rigs.  Full Article

Ocean Rig UDW announces pricing of 28.6 mln shares of common stock
Wednesday, 3 Jun 2015 09:49am EDT 

Ocean Rig UDW Inc:Prices the offering of 28,571,428 shares of its common stock, par value $0.01 per share, at a price of $7.00 per share.Offering is expected to close on June 8.  Full Article

Ocean Rig UDW Inc announces one year extension of Ocean Rig Poseidon contract and new contract for Ocean Rig Olympia
Monday, 18 May 2015 09:00am EDT 

Ocean Rig UDW Inc:Says that in connection with previously said Omnibus Agreement with ENI Angola S.p.A (hereafter referred to as "ENI"), all closing conditions including approvals by national authorities and signing of definitive documentation have been satisfied.As a result, company has extended contract for drillship Ocean Rig Poseidon for further one year until Q2 of 2017 with total contract backlog now standing at about $367 mln.In addition, company has entered into new contract for drillship Ocean Rig Olympia to drill offshore Angola commencing in Q3 of 2015 for a minimum of 8 months with total contract backlog of about $91 mln.  Full Article

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