Vetr upgraded shares of Atwood Oceanics Inc. (NYSE:ATW) from a buy rating to a strong-buy rating in a research report report published on Tuesday. They currently have $9.18 price objective on the stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley set a $19.00 target price on shares of Atwood Oceanics and gave the stock a buy rating in a research note on Wednesday, August 3rd. Deutsche Bank AG increased their target price on shares of Atwood Oceanics from $11.00 to $15.00 and gave the stock a buy rating in a research note on Wednesday, August 3rd. Stephens reiterated an equal weight rating on shares of Atwood Oceanics in a research note on Thursday, November 17th. Jefferies Group reissued a hold rating on shares of Atwood Oceanics in a report on Thursday, August 11th. Finally, Citigroup Inc. decreased their price target on shares of Atwood Oceanics from $12.00 to $10.00 and set a neutral rating on the stock in a report on Thursday, August 25th. Eight equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Atwood Oceanics has an average rating of Hold and a consensus target price of $9.36.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

Atwood Oceanics (NYSE:ATW) opened at 7.82 on Tuesday. Atwood Oceanics has a 12-month low of $4.82 and a 12-month high of $16.57. The company has a 50-day moving average of $8.27 and a 200 day moving average of $9.67. The firm has a market cap of $506.78 million, a price-to-earnings ratio of 1.91 and a beta of 2.17.

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Several institutional investors have recently added to or reduced their stakes in ATW. LPL Financial LLC bought a new position in Atwood Oceanics during the third quarter valued at approximately $252,000. Credit Suisse AG increased 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 worth $1,090,000 after buying an additional 34,819 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased 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 worth $3,725,000 after buying an additional 205,025 shares during the last quarter. Jane Street Group LLC acquired a new stake in Atwood Oceanics during the third quarter worth about $616,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Atwood Oceanics during the third quarter worth 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.

5 Day Chart for NYSE:ATW

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