Atwood Oceanics Inc. (ATW) Cut to Sell at TheStreet
ATW has been the topic of a number of other reports. Stephens reaffirmed an overweight rating and set a $16.00 price objective on shares of Atwood Oceanics in a research note on Monday, August 1st. Howard Weil began coverage on Atwood Oceanics in a research note on Wednesday, September 14th. They set a sector perform rating and a $8.50 price objective on the stock. Citigroup Inc. reduced their price objective on Atwood Oceanics from $12.00 to $10.00 and set a neutral rating on the stock in a research note on Thursday, August 25th. Clarkson Capital raised Atwood Oceanics from a sell rating to a neutral rating in a research note on Thursday, September 22nd. Finally, Morgan Stanley set a $19.00 price objective on Atwood Oceanics and gave the company a buy rating in a research note on Wednesday, August 3rd. Seven investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $10.21.
Atwood Oceanics (NYSE:ATW) opened at 7.94 on Friday. The stock’s 50 day moving average price is $8.34 and its 200 day moving average price is $9.80. The firm has a market cap of $514.73 million, a price-to-earnings ratio of 1.94 and a beta of 2.17. Atwood Oceanics has a 52 week low of $4.82 and a 52 week high of $16.57.
Large investors have recently bought and sold shares of the company. FMR LLC increased its stake in Atwood Oceanics by 1.8% in the second quarter. FMR LLC now owns 9,410,000 shares of the company’s stock worth $117,813,000 after buying an additional 165,000 shares during the period. Vanguard Group Inc. increased its stake in Atwood Oceanics by 1.6% in the second quarter. Vanguard Group Inc. now owns 6,290,948 shares of the company’s stock worth $78,762,000 after buying an additional 99,998 shares during the period. BlackRock Fund Advisors increased its stake in Atwood Oceanics by 9.5% in the third quarter. BlackRock Fund Advisors now owns 4,501,437 shares of the company’s stock worth $39,117,000 after buying an additional 388,686 shares during the period. Key Group Holdings Cayman LTD. increased its stake in Atwood Oceanics by 91.7% in the second quarter. Key Group Holdings Cayman LTD. now owns 2,800,023 shares of the company’s stock worth $35,056,000 after buying an additional 1,339,490 shares during the period. Finally, State Street Corp increased its stake in Atwood Oceanics by 2.0% in the second quarter. State Street Corp now owns 2,426,876 shares of the company’s stock worth $30,384,000 after buying an additional 47,139 shares during the period.
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.
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