First Trust Advisors LP Invests $1.79 Million in Atwood Oceanics, Inc. (ATW) Stock
First Trust Advisors LP acquired a new position in shares of Atwood Oceanics, Inc. (NYSE:ATW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 219,554 shares of the offshore driller’s stock, valued at approximately $1,789,000. First Trust Advisors LP owned about 0.27% of Atwood Oceanics at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ATW. BlackRock Inc. lifted its stake in Atwood Oceanics by 45,068.1% during the first quarter. BlackRock Inc. now owns 9,573,385 shares of the offshore driller’s stock worth $91,235,000 after purchasing an additional 9,552,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Atwood Oceanics by 92.4% during the first quarter. Dimensional Fund Advisors LP now owns 4,555,964 shares of the offshore driller’s stock worth $43,418,000 after purchasing an additional 2,188,009 shares during the last quarter. FMR LLC lifted its stake in Atwood Oceanics by 18.0% during the first quarter. FMR LLC now owns 11,470,032 shares of the offshore driller’s stock worth $109,309,000 after purchasing an additional 1,750,720 shares during the last quarter. Vanguard Group Inc. lifted its stake in Atwood Oceanics by 24.8% during the first quarter. Vanguard Group Inc. now owns 6,982,878 shares of the offshore driller’s stock worth $66,546,000 after purchasing an additional 1,386,267 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Atwood Oceanics by 69.1% during the first quarter. Bank of New York Mellon Corp now owns 1,991,238 shares of the offshore driller’s stock worth $18,977,000 after purchasing an additional 813,666 shares during the last quarter. Hedge funds and other institutional investors own 91.97% of the company’s stock.
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Atwood Oceanics, Inc. (NYSE:ATW) opened at 7.80 on Thursday. The company’s 50-day moving average price is $7.02 and its 200-day moving average price is $8.31. Atwood Oceanics, Inc. has a 12-month low of $5.91 and a 12-month high of $15.37. The firm’s market capitalization is $627.57 million.
Atwood Oceanics (NYSE:ATW) last posted its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The business’s revenue was down 48.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share. Equities analysts expect that Atwood Oceanics, Inc. will post ($0.51) EPS for the current fiscal year.
Several brokerages recently issued reports on ATW. ValuEngine cut Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Citigroup Inc. restated a “neutral” rating on shares of Atwood Oceanics in a research note on Thursday, August 31st. BidaskClub upgraded Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Piper Jaffray Companies set a $10.00 target price on Atwood Oceanics and gave the company a “hold” rating in a research note on Monday, August 21st. Finally, Barclays PLC cut their target price on Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Friday, August 11th. Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.40.
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.
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