Atwood Oceanics Inc. (NYSE:ATW) was downgraded by Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They presently have a $9.18 price objective on the stock. Vetr‘s target price points to a potential upside of 8.90% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Stephens lowered Atwood Oceanics to a “hold” rating and set a $10.00 price objective on the stock. in a report on Saturday. Citigroup Inc. reaffirmed a “sell” rating and issued a $5.50 price objective (down previously from $10.00) on shares of Atwood Oceanics in a report on Thursday, November 17th. Iberia Capital lowered Atwood Oceanics from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $14.00 to $7.00 in a report on Wednesday, November 16th. TheStreet downgraded Atwood Oceanics from a “hold” rating to a “sell” rating in a research report on Friday, November 11th. Finally, Morgan Stanley downgraded Atwood Oceanics from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $18.00 to $19.00 in a research report on Wednesday, October 26th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.36.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

Shares of Atwood Oceanics (NYSE:ATW) opened at 8.43 on Monday. Atwood Oceanics has a 52-week low of $4.82 and a 52-week high of $16.57. The stock has a market capitalization of $546.31 million, a price-to-earnings ratio of 2.06 and a beta of 2.17. The stock has a 50 day moving average price of $8.37 and a 200-day moving average price of $9.73.

Several large investors have recently modified their holdings of ATW. Teacher Retirement System of Texas raised its stake in shares of Atwood Oceanics by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 8,449 shares of the company’s stock worth $106,000 after buying an additional 1,049 shares during the period. Mason Street Advisors LLC acquired a new stake in Atwood Oceanics during the second quarter valued at $143,000. Raymond James & Associates raised its stake in Atwood Oceanics by 0.4% in the second quarter. Raymond James & Associates now owns 11,621 shares of the company’s stock valued at $145,000 after buying an additional 48 shares during the period. NEXT Financial Group Inc acquired a new stake in Atwood Oceanics during the third quarter valued at $104,000. Finally, Public Employees Retirement System of Ohio raised its stake in Atwood Oceanics by 32.3% in the second quarter. Public Employees Retirement System of Ohio now owns 13,237 shares of the company’s stock valued at $166,000 after buying an additional 3,234 shares during the period.

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Atwood Oceanics Company Profile

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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