Atwood Oceanics Inc. (NYSE:ATW)‘s stock had its “sell” rating restated by Citigroup Inc. in a research note issued on Thursday. They currently have a $5.50 target price on the stock, down from their prior target price of $10.00. Citigroup Inc.’s target price suggests a potential downside of 31.25% from the company’s current price.

Several other equities research analysts also recently commented on ATW. Stephens restated an “overweight” rating and set a $16.00 price objective on shares of Atwood Oceanics in a report on Monday, August 1st. Deutsche Bank AG lifted 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. Morgan Stanley set a $19.00 target price on Atwood Oceanics and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Jefferies Group set a $11.00 target price on Atwood Oceanics and gave the company a “hold” rating in a research report on Wednesday, August 3rd. Finally, Royal Bank Of Canada cut their target price on Atwood Oceanics from $14.00 to $11.00 and set a “sector perform” rating on the stock in a research report on Friday, August 12th. Eight investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $9.56.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

Atwood Oceanics (NYSE:ATW) opened at 8.00 on Thursday. The firm’s 50-day moving average price is $8.34 and its 200 day moving average price is $9.80. Atwood Oceanics has a 52-week low of $4.82 and a 52-week high of $16.57. The company has a market cap of $518.44 million, a PE ratio of 1.96 and a beta of 2.17.

Several institutional investors have recently made changes to their positions in the stock. Key Group Holdings Cayman LTD. raised 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 valued at $35,056,000 after buying an additional 1,339,490 shares during the period. BlackRock Fund Advisors raised 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 valued at $37,709,000 after buying an additional 890,165 shares during the period. Geode Capital Management LLC raised 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 valued at $16,007,000 after buying an additional 752,887 shares during the period. Acadian Asset Management LLC raised 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 valued at $10,270,000 after buying an additional 706,971 shares during the period. Finally, Schroder Investment Management Group raised 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 valued at $11,338,000 after buying an additional 596,400 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.

5 Day Chart for NYSE:ATW

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