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Ocean Rig UDW is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling and specializing in ultra-deepwater and harsh-environment drilling. Co. owns and operates two modern, fifth generation ultra-deepwater semi-submersible offshore drilling rigs, the Leiv Eiriksson and the Eirik Raude, five sixth generation advanced capability ultra-deepwater drilling units, the Ocean Rig Corcovado, the Ocean Rig Olympia, the Ocean Rig Poseidon and the Ocean Rig Mykonos and four seventh generation drilling units, the Ocean Rig Mylos, the Ocean Rig Skyros, the Ocean Rig Athena and the Ocean Rig Apollo. According to our ORIG split history records, ORIG has had 1 split.
ORIG split history picture
ORIG (ORIG) has 1 split in our ORIG split history database. The split for ORIG took place on September 22, 2017. This was a 1 for 9200 reverse split, meaning for each 9200 shares of ORIG owned pre-split, the shareholder now owned 1 share. For example, a 1000 share position pre-split, became a 0.108695652173913 share position following the split.

When a company such as ORIG conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the ORIG split history from start to finish, an original position size of 1000 shares would have turned into 0.108695652173913 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ORIG shares, starting with a $10,000 purchase of ORIG, presented on a split-history-adjusted basis factoring in the complete ORIG split history. ORIG split adjusted history picture

Growth of $10,000.00
With Dividends Reinvested

Start date: 05/20/2014
End date: 12/06/2018
Start price/share: $152,996.00
End price/share: $27.78
Starting shares: 0.07
Ending shares: 0.07
Dividends reinvested/share: $6,992.00
Total return: -99.98%
Average Annual Total Return: -84.69%
Starting investment: $10,000.00
Ending investment: $1.95
Years: 4.55
Growth of $10,000.00
Without Dividends Reinvested

Start date: 05/20/2014
End date: 12/06/2018
Start price/share: $152,996.00
End price/share: $27.78
Dividends collected/share: $6,992.00
Total return: -95.41%
Average Annual Total Return: -49.20%
Starting investment: $10,000.00
Ending investment: $458.65
Years: 4.55
Date Ratio
09/22/20171 for 9200
ORIG is categorized under the Energy sector; below are some other companies in the same sector that also have a history of stock splits:

OSG Split History
OXY Split History
PAA Split History
PACD Split History
PAGP Split History
PBG Split History
PBR Split History
PDO Split History
PDS Split History
PED Split History

Also explore: ORIG shares outstanding history

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