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How Have Ocean Rig’s Ratings Changed over the Past Year?

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Ocean Rig’s ratings

Analysts have a 12-month price target of $0.78 for Ocean Rig (ORIG), compared to the current price of $0.78 on February 24, 2017. It implies a potential downside of 0.1%.

Five analysts gave recommendations on ORIG stock. None of these analysts gave Ocean Rig a “buy” recommendation. It has a “hold” recommendation from one analyst. Four analysts gave it a “sell” recommendation, out of which two analysts gave a “strong sell.”

None of the analysts have either upgraded or downgraded Ocean Rig (ORIG) stock in the past three months. Also, none of the analysts have changed the target price for the company.

Over the past year, the number of analysts covering the stock have reduced. In February 2016, Ocean Rig was covered by 12 analysts. A year ago, analysts were bullish on the stock and out of 12 analysts, six analysts gave “buy” recommendations.

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Peers’ recommendations

Below are analysts’ recommendations for other offshore drilling companies (OIH):

  • Transocean (RIG): Two analysts gave “strong buy” recommendations, seven analysts gave “buy” recommendations, and 14 analysts recommended a “hold” for Transocean. Also, 12 analysts suggested a “sell,” and the remaining two analysts gave “strong sell” recommendations for Transocean.
  • Atwood Oceanics (ATW): No analysts gave it a “strong buy” rating, two analysts gave it a “buy” rating, and 17 analysts gave it a “hold.”
  • Noble Corporation (NE): Two analysts gave NE “strong buy” recommendations, and eight analysts gave it “buy” recommendations. Seventeen analysts have “hold” recommendations, seven analysts have “sell” recommendations, and four analysts have “strong sell” recommendations on the stock.
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