Atwood Oceanics Inc. (ATW) Stock Rating Reaffirmed by Stephens
Atwood Oceanics Inc. (NYSE:ATW)‘s stock had its “equal weight” rating reissued by equities researchers at Stephens in a research report issued to clients and investors on Thursday.
Several other research firms also recently weighed in on ATW. Raymond James Financial Inc. downgraded Atwood Oceanics from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 14th. Jefferies Group set a $8.00 target price on Atwood Oceanics and gave the company a “hold” rating in a research report on Wednesday, September 28th. Deutsche Bank AG boosted their target price on Atwood Oceanics from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Scotia Howard Weill began coverage on Atwood Oceanics in a research report on Wednesday, September 14th. They set a “sector perform” rating and a $8.50 target price on the stock. Finally, Goldman Sachs Group Inc. reaffirmed a “sell” rating on shares of Atwood Oceanics in a research report on Friday, September 23rd. Eight research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Atwood Oceanics presently has a consensus rating of “Hold” and a consensus price target of $9.81.
Shares of Atwood Oceanics (NYSE:ATW) opened at 7.74 on Thursday. The stock’s 50 day moving average price is $8.41 and its 200-day moving average price is $9.77. Atwood Oceanics has a 1-year low of $4.82 and a 1-year high of $16.57. The stock has a market cap of $501.76 million, a price-to-earnings ratio of 1.89 and a beta of 2.17.
Hedge funds have recently made changes to their positions in the stock. LPL Financial LLC acquired a new stake in shares of Atwood Oceanics during the third quarter worth approximately $252,000. Credit Suisse AG raised its stake in Atwood Oceanics by 38.4% in the third quarter. Credit Suisse AG now owns 125,428 shares of the company’s stock valued at $1,090,000 after buying an additional 34,819 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Atwood Oceanics by 91.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 428,600 shares of the company’s stock valued at $3,725,000 after buying an additional 205,025 shares during the last quarter. Jane Street Group LLC purchased a new stake in Atwood Oceanics during the third quarter valued at about $616,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Atwood Oceanics during the third quarter valued at about $365,000.
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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