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Last $3.08 USD
Change Today -0.06 / -1.91%
Volume 569.2K
ORIG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

ocean rig udw inc (ORIG) Snapshot

Open
$3.08
Previous Close
$3.14
Day High
$3.13
Day Low
$3.04
52 Week High
09/5/14 - $18.54
52 Week Low
08/26/15 - $2.56
Market Cap
495.5M
Average Volume 10 Days
1.2M
EPS TTM
$2.30
Shares Outstanding
160.9M
EX-Date
07/30/15
P/E TM
1.3x
Dividend
--
Dividend Yield
18.51%
Current Stock Chart for OCEAN RIG UDW INC (ORIG)

ocean rig udw inc (ORIG) Related Businessweek News

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ocean rig udw inc (ORIG) Details

Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore oil and gas exploration, development, and production drilling. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. As of December 31, 2014, the company operated a fleet of two ultra-deepwater drilling rigs and seven drillships. It serves oil companies, integrated oil and gas companies, state-owned national oil companies, and independent oil and gas companies. The company is based in Nicosia, Cyprus. Ocean Rig UDW Inc. is a subsidiary of DryShips Inc.

1,827 Employees
Last Reported Date: 03/9/15

ocean rig udw inc (ORIG) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

ocean rig udw inc (ORIG) Key Developments

Ocean Rig UDW Closes Full Settlement of the $120 million Affiliate Loan

Ocean Rig UDW reported the closing of the previously disclosed agreement with Dryships to settle the remaining outstanding balance of $80 million borrowed by Dryships under the Amended and Restated Exchangeable Promissory Note dated June 4, between the company and Dryships. According to a release, definitive documentation including release letters has been executed, and Dryships has transferred 17,777,778 shares of Ocean Rig previously owned by Dryships to Ocean Rig as full payment of the outstanding balance under the Note. Following this transfer, Dryships' direct ownership in Ocean Rig is 40.4%.

Ocean Rig UDW Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Ocean Rig UDW Inc. announced unaudited Consolidated earnings results for the second quarter and six months ended June 30, 2015. The Company recorded net income of $74.9 million, or $0.54 basic and diluted earnings per share, for the three-month period ended June 30, 2015, as compared to a net income of $69.6 million, or $0.53 basic and diluted earnings per share, for the three-month period ended June 30, 2014. Adjusted EBITDA was $262.2 million for the second quarter of 2015, as compared to $231.8 million for the same period in 2014. Revenues from drilling contracts decreased by $8.2 million to $433.2 million for the three-month period ended June 30, 2015, as compared to $441.4 million for the same period in 2014. Operating income $178.9 million as compared to $148.99 million for the same period in 2014. Net income attributable to company common stockholders was $74,525,000 against $69,396,000 for the same period last year. For the six months, the company reported net income of $116.0 million, or $0.86 basic and diluted earnings per share, as compared to a net income of $68.05 million, or $0.51 basic and diluted earnings per share, for the same period in 2014. Operating income $311.7 million as compared to $244.5 million for the same period in 2014. Adjusted EBITDA was $481.2 million as compared to $403.99 million for the same period in 2014. Revenues from drilling contracts was $835.3 million as compared to $802.2 million for the same period in 2014. The company reported another solid quarter with high fleet utilization of approximately 98% and further reductions in operating and corporate expenses. The company performance is a testament to the superior operating results associated with modern assets and the collective efforts of team. Net income attributable to company common stockholders was $115,536,000 against $67,856,000 for the same period last year.

Ocean Rig UDW Inc. Suspends its Quarterly Dividend

On July 30, 2015, Ocean Rig UDW Inc.'s Board of Directors decided to suspend its quarterly dividend until market conditions improve.

 

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