Shares of Atwood Oceanics, Inc. (NYSE:ATW) have been given an average rating of “Hold” by the twenty-five brokerages that are covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $11.22.

Several equities research analysts have recently weighed in on ATW shares. Citigroup Inc. reissued a “neutral” rating on shares of Atwood Oceanics in a research note on Thursday, August 31st. ValuEngine raised Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Piper Jaffray Companies set a $10.00 target price on Atwood Oceanics and gave the stock a “hold” rating in a research report on Monday, August 21st. Zacks Investment Research cut Atwood Oceanics from a “hold” rating to a “sell” rating in a research report on Friday, October 6th. Finally, Jefferies Group LLC set a $10.00 target price on Atwood Oceanics and gave the stock a “hold” rating in a research report on Thursday, October 5th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Arizona State Retirement System raised its holdings in Atwood Oceanics by 0.3% during the second quarter. Arizona State Retirement System now owns 39,100 shares of the offshore driller’s stock valued at $319,000 after buying an additional 100 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Atwood Oceanics by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 35,243 shares of the offshore driller’s stock worth $287,000 after purchasing an additional 177 shares during the period. Capstone Asset Management Co. increased 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 purchasing an additional 350 shares during the period. Texas Permanent School Fund increased 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 purchasing an additional 490 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased 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 purchasing an additional 1,030 shares during the period. Institutional investors own 91.97% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/11/12/atwood-oceanics-inc-atw-given-consensus-recommendation-of-hold-by-analysts.html.

Shares of Atwood Oceanics (NYSE ATW) opened at $9.32 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 7.45 and a current ratio of 8.80. Atwood Oceanics has a one year low of $5.91 and a one year high of $15.37.

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)

Receive News & Stock Ratings for Atwood Oceanics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atwood Oceanics Inc. and related stocks with our FREE daily email newsletter.