Shares of Atwood Oceanics, Inc. (NYSE:ATW) have received an average rating of “Hold” from the twenty-seven ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.50.

ATW has been the subject of a number of recent research reports. Zacks Investment Research downgraded Atwood Oceanics from a “hold” rating to a “sell” rating in a research report on Monday, April 17th. Wood & Company upgraded Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research report on Wednesday, May 31st. Barclays PLC reiterated an “underweight” rating and set a $7.00 price objective (down previously from $11.00) on shares of Atwood Oceanics in a research report on Monday, May 1st. Clarkson Capital raised shares of Atwood Oceanics from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Friday, May 12th. Finally, Jefferies Group LLC set a $10.00 target price on shares of Atwood Oceanics and gave the company a “hold” rating in a research note on Wednesday, May 17th.

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Shares of Atwood Oceanics (NYSE ATW) opened at 6.54 on Monday. Atwood Oceanics has a one year low of $6.12 and a one year high of $15.37. The firm’s 50-day moving average price is $7.92 and its 200 day moving average price is $9.14. The stock has a market cap of $526.59 million, a P/E ratio of 5.29 and a beta of 2.36.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company had revenue of $117.20 million during the quarter, compared to the consensus estimate of $125.89 million. During the same quarter in the prior year, the firm earned $1.53 EPS. The company’s quarterly revenue was down 48.6% compared to the same quarter last year. Equities research analysts expect that Atwood Oceanics will post ($0.29) EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. Arizona State Retirement System boosted its stake in shares of Atwood Oceanics by 0.3% in the second quarter. Arizona State Retirement System now owns 39,100 shares of the offshore driller’s stock worth $319,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Atwood Oceanics by 1.0% in the second quarter. Capstone Asset Management Co. now owns 35,449 shares of the offshore driller’s stock worth $289,000 after buying an additional 350 shares in the last quarter. Texas Permanent School Fund boosted its stake in shares of Atwood Oceanics by 0.9% in the second quarter. Texas Permanent School Fund now owns 54,672 shares of the offshore driller’s stock worth $446,000 after buying an additional 490 shares in the last quarter. New York State Teachers Retirement System boosted its stake in shares of Atwood Oceanics by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 158,195 shares of the offshore driller’s stock worth $2,077,000 after buying an additional 900 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Atwood Oceanics by 6.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 17,670 shares of the offshore driller’s stock worth $144,000 after buying an additional 1,030 shares in the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

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