Atwood Oceanics Inc. (NYSE:ATW) has earned an average rating of “Hold” from the thirty research firms that are covering the firm. Eight research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.83.

Several equities research analysts recently commented on the company. Stephens reiterated an “equal weight” rating on shares of Atwood Oceanics in a report on Thursday. Citigroup Inc. reiterated a “sell” rating and set a $5.50 target price (down from $10.00) on shares of Atwood Oceanics in a report on Thursday. Iberia Capital downgraded Atwood Oceanics from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $14.00 to $7.00 in a report on Wednesday. TheStreet downgraded Atwood Oceanics from a “hold” rating to a “sell” rating in a report on Friday, November 11th. Finally, Morgan Stanley downgraded Atwood Oceanics from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $18.00 to $19.00 in a report on Wednesday, October 26th.

Shares of Atwood Oceanics (NYSE:ATW) opened at 8.00 on Thursday. The firm has a 50-day moving average price of $8.34 and a 200-day moving average price of $9.80. The stock has a market cap of $518.62 million, a PE ratio of 1.96 and a beta of 2.17. Atwood Oceanics has a 52 week low of $4.82 and a 52 week high of $16.57.

Several hedge funds have recently bought and sold shares of the company. Key Group Holdings Cayman LTD. boosted its position in shares of 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 last quarter. BlackRock Fund Advisors boosted its position in shares of 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. Geode Capital Management LLC boosted its position in shares of Atwood Oceanics by 75.8% in the first quarter. Geode Capital Management LLC now owns 1,745,643 shares of the company’s stock worth $16,007,000 after buying an additional 752,887 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Atwood Oceanics by 624.4% in the second quarter. Acadian Asset Management LLC now owns 820,195 shares of the company’s stock worth $10,270,000 after buying an additional 706,971 shares during the last quarter. Finally, Schroder Investment Management Group boosted its position in shares of Atwood Oceanics by 84.2% in the third quarter. Schroder Investment Management Group now owns 1,304,700 shares of the company’s stock worth $11,338,000 after buying an additional 596,400 shares during the last quarter.

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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