Kyros Melas - Ocean Rig Director
Director
Mr.Kyros Melas is Director of Ocean Rig UDW Inc.Mr.Melas serves as a Board member of and is the Business Development Director and Founding Partner of EDT Oil Gas Ltd. a Cyprusbased oil and gas services company specializing in the supply of high specification offshore support vessels to oil and gas industry worldwide. He is a graduate of the University of Zurich and holds an M.Sc. in Shipping Trade and Finance from City University. since 2013.
| Age | 48 |
| Tenure | 11 years |
| Phone | 345-327-9232 |
| Web | http://www.ocean-rig.com |
Ocean Rig Management Efficiency
The company has return on total asset (ROA) of 3.37 % which means that it generated a profit of $3.37 on every $100 spent on assets. This is normal as compared to the sector avarege. Similarly, it shows a return on stockholder's equity (ROE) of 3.86 %, meaning that it created $3.86 on every $100 dollars invested by stockholders. Ocean Rig's management efficiency ratios could be used to measure how well Ocean Rig manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 350 M in liabilities with Debt to Equity (D/E) ratio of 15.8, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ocean Rig UDW has a current ratio of 12.56, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Ocean Rig until it has trouble settling it off, either with new capital or with free cash flow. So, Ocean Rig's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Ocean Rig UDW sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Ocean to invest in growth at high rates of return. When we think about Ocean Rig's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 3.86 | |||
| Return On Asset | 3.37 |
Ocean Rig UDW Leadership Team
Elected by the shareholders, the Ocean Rig's board of directors comprises two types of representatives: Ocean Rig inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ocean. The board's role is to monitor Ocean Rig's management team and ensure that shareholders' interests are well served. Ocean Rig's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ocean Rig's outside directors are responsible for providing unbiased perspectives on the board's policies.
| John Liveris, Director | ||
| Savvas Georghiades, Director | ||
| Anthony Kandylidis, Executive VP | ||
| Gilles Bocabarteille, COO | ||
| Solan Drakoulis, Vice President - Accounting | ||
| Prokopios Tsirigakis, Director | ||
| Kyros Melas, Director | ||
| George Economou, Chairman, CEO and Pres | ||
| Nikolaos Bornozis, Director of Investor Relations, IR Contact Officer |
Ocean Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Ocean Rig a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 3.86 | |||
| Return On Asset | 3.37 | |||
| Profit Margin | 14.30 % | |||
| Operating Margin | 24.98 % | |||
| Current Valuation | 2.27 B | |||
| Shares Outstanding | 91.47 M | |||
| Shares Owned By Insiders | 9.32 % | |||
| Shares Owned By Institutions | 91.24 % | |||
| Number Of Shares Shorted | 1.5 M | |||
| Price To Earning | 30.56 X |
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Other Consideration for investing in Ocean Stock
If you are still planning to invest in Ocean Rig UDW check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Ocean Rig's history and understand the potential risks before investing.
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