Ocean Rig UDW Inc. (ORIG) Reaches $26.12 After 8.00% Up Move; Industrial Services Of America (IDSA) Sentiment Is 0.67

May 16, 2018 - By Sheldon Barnett

Ocean Rig UDW Inc. (NASDAQ:ORIG) Logo

Industrial Services Of America Inc (IDSA) investors sentiment decreased to 0.67 in Q4 2017. It’s down -0.66, from 1.33 in 2017Q3. The ratio has dropped, as 2 investment managers increased or opened new positions, while 3 sold and trimmed stakes in Industrial Services Of America Inc. The investment managers in our database now have: 342,014 shares, up from 323,674 shares in 2017Q3. Also, the number of investment managers holding Industrial Services Of America Inc in top ten positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 1 Increased: 1 New Position: 1.

The stock of Ocean Rig UDW Inc. (NASDAQ:ORIG) is a huge mover today! The stock increased 3.12% or $0.79 during the last trading session, reaching $26.12. About 148,195 shares traded. Ocean Rig UDW Inc. (NASDAQ:ORIG) has declined 99.63% since May 16, 2017 and is downtrending. It has underperformed by 111.18% the S&P500.The move comes after 6 months positive chart setup for the $2.39B company. It was reported on May, 16 by Barchart.com. We have $28.21 PT which if reached, will make NASDAQ:ORIG worth $191.36M more.

Among 8 analysts covering Ocean Rig UDW (NASDAQ:ORIG), 2 have Buy rating, 5 Sell and 1 Hold. Therefore 25% are positive. Ocean Rig UDW had 16 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 15 by Credit Suisse. The firm has “Sell” rating by Danske given on Monday, August 10. As per Tuesday, August 16, the company rating was downgraded by Deutsche Bank. Danske Bank downgraded Ocean Rig UDW Inc. (NASDAQ:ORIG) on Tuesday, February 9 to “Sell” rating. Cowen & Co maintained it with “Outperform” rating and $8 target in Monday, August 17 report. On Friday, March 11 the stock rating was downgraded by Simmons & Co to “Underweight”. As per Tuesday, August 18, the company rating was upgraded by Zacks. The stock of Ocean Rig UDW Inc. (NASDAQ:ORIG) earned “Underweight” rating by Piper Jaffray on Friday, March 11. Deutsche Bank maintained the stock with “Buy” rating in Friday, March 11 report.

Ocean Rig UDW Inc., an offshore drilling contractor, provides oilfield services for offshore gas and oil exploration, development, and production drilling worldwide. The company has market cap of $2.39 billion. It specializes in the ultra-deepwater and harsh-environment segment of the offshore drilling industry. It currently has negative earnings. The firm owns and operates two fifth generation harsh weather ultra-deepwater semisubmersible offshore drilling units under the Leiv Eiriksson and Eirik Raude names; five sixth generation ultra-deepwater drilling units under the Ocean Rig Corcovado, the Ocean Rig Olympia, the Ocean Rig Poseidon, the Ocean Rig Mykonos, and the Ocean Rig Paros names; and four seventh generation drilling units under the Ocean Rig Mylos, the Ocean Rig Skyros, the Ocean Rig Athena, and the Ocean Rig Apollo names.

More notable recent Ocean Rig UDW Inc. (NASDAQ:ORIG) news were published by: Nasdaq.com which released: “Industry Leaders at Capital Link’s Analyst & Investor Day Forum on Monday, June 4, 2018 at Athens, Greece” on May 16, 2018, also Nasdaq.com with their article: “Ocean Rig UDW Inc. Announces First Quarter 2018 Results Release Date, Conference Call and Webcast” published on May 14, 2018, Streetinsider.com published: “Elliott’s 13F Shows New Stake in Commault (CVLT), Dish (DISH), Micro Focus (MFGP) (more…)” on May 15, 2018. More interesting news about Ocean Rig UDW Inc. (NASDAQ:ORIG) were released by: Seekingalpha.com and their article: “Ocean Rig Pushes Santorini Into 2019” published on April 24, 2018 as well as Seekingalpha.com‘s news article titled: “Ocean Rig: Potential Opportunity Under $24” with publication date: April 17, 2018.

Bank Of America Corp De holds 0% of its portfolio in Industrial Services of America, Inc. for 30 shares. Blackrock Inc. owns 4,214 shares or 0% of their US portfolio. Moreover, California Public Employees Retirement System has 0% invested in the company for 33,827 shares. The Massachusetts-based Geode Capital Management Llc has invested 0% in the stock. Royal Bank Of Canada, a Ontario – Canada-based fund reported 7 shares.

Another recent and important Industrial Services of America, Inc. (NASDAQ:IDSA) news was published by Businesswire.com which published an article titled: “Industrial Services of America, Inc. Announces Revenue Increase and Improved Operating Performance” on May 10, 2018.

Industrial Services of America, Inc

The stock increased 2.81% or $0.0606 during the last trading session, reaching $2.2206. About 2,081 shares traded. Industrial Services of America, Inc. (IDSA) has risen 44.97% since May 16, 2017 and is uptrending. It has outperformed by 33.42% the S&P500.

Industrial Services of America, Inc. (NASDAQ:IDSA) Institutional Positions Chart

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