Atwood Oceanics Inc. (NYSE:ATW) has been given an average recommendation of “Hold” by the thirty-one analysts that are currently covering the firm. Six equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.05.

Several research analysts have issued reports on ATW shares. Scotia Howard Weill started coverage on shares of Atwood Oceanics in a research report on Wednesday, September 14th. They set a “sector perform” rating and a $8.50 price objective on the stock. Citigroup Inc. lowered their price objective on shares of Atwood Oceanics from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Goldman Sachs Group Inc. reissued a “sell” rating on shares of Atwood Oceanics in a research report on Friday, September 23rd. Howard Weil started coverage on shares of Atwood Oceanics in a research report on Wednesday, September 14th. They set a “sector perform” rating and a $8.50 price objective on the stock. Finally, Raymond James Financial Inc. downgraded shares of Atwood Oceanics from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 14th.

A number of large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors L.L.C. bought a new stake in Atwood Oceanics during the first quarter worth about $1,510,000. Virginia Retirement System bought a new stake in Atwood Oceanics during the first quarter worth about $411,000. Prudential Financial Inc. increased its stake in Atwood Oceanics by 141.3% in the first quarter. Prudential Financial Inc. now owns 806,543 shares of the company’s stock worth $7,396,000 after buying an additional 472,341 shares during the last quarter. BlackRock Fund Advisors increased its stake in Atwood Oceanics by 27.6% in the first quarter. BlackRock Fund Advisors now owns 4,112,195 shares of the company’s stock worth $37,709,000 after buying an additional 890,165 shares during the last quarter. Finally, Advisor Partners LLC bought a new stake in Atwood Oceanics during the first quarter worth about $115,000.

Shares of Atwood Oceanics (NYSE:ATW) opened at 9.19 on Thursday. Atwood Oceanics has a 1-year low of $4.82 and a 1-year high of $19.65. The stock has a market cap of $595.51 million, a PE ratio of 1.45 and a beta of 2.22. The stock’s 50 day moving average is $8.02 and its 200-day moving average is $9.89.

Atwood Oceanics (NYSE:ATW) last posted its earnings results on Monday, August 1st. The company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.63. The firm had revenue of $227.80 million for the quarter, compared to the consensus estimate of $232.74 million. Atwood Oceanics had a net margin of 34.45% and a return on equity of 13.79%. The company’s revenue was down 31.1% on a year-over-year basis. During the same period last year, the firm posted $1.73 EPS. On average, analysts predict that Atwood Oceanics will post $4.70 EPS for the current fiscal year.

About Atwood Oceanics

Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.

5 Day Chart for NYSE:ATW

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