The Atwood Oceanics, Inc. (ATW) Upgraded by Seaport Global Securities to Neutral

The Atwood Oceanics, Inc. (ATW) Upgraded by Seaport Global Securities to Neutral

A number of other equities research analysts have also recently commented on ATW. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research note on Friday. Raymond James Financial, Inc. raised shares of Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research note on Wednesday, May 31st. Wood & Company raised shares of Atwood Oceanics from an “underperform” rating to a “market perform” rating in a research note on Wednesday, May 31st. Barclays PLC reissued an “underweight” rating and issued a $10.00 price target (up previously from $7.00) on shares of Atwood Oceanics in a research note on Wednesday, May 31st. Finally, Evercore ISI reissued a “hold” rating and issued a $10.00 price target on shares of Atwood Oceanics in a research note on Tuesday, February 7th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Atwood Oceanics currently has an average rating of “Hold” and a consensus price target of $12.06.

Atwood Oceanics, Inc. (NYSE:ATW) was upgraded by equities research analysts at Seaport Global Securities from a “sell” rating to a “neutral” rating in a note issued to investors on Friday.

Atwood Oceanics (ATW) opened at 10.13 on Friday. The firm has a 50 day moving average of $8.31 and a 200-day moving average of $10.32. The company has a market capitalization of $815.66 million, a price-to-earnings ratio of 8.19 and a beta of 2.26. Atwood Oceanics has a 52-week low of $6.12 and a 52-week high of $15.37.

Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings data on Monday, May 8th. The offshore driller reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.66. The business had revenue of $167.71 million for the quarter, compared to analysts’ expectations of $130.51 million. Atwood Oceanics had a negative net margin of 17.21% and a negative return on equity of 3.48%. The business’s revenue was down 43.4% on a year-over-year basis. During the same quarter last year, the company earned $1.89 EPS. Equities analysts expect that Atwood Oceanics will post ($0.39) EPS for the current year. A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its stake in shares of Atwood Oceanics by 45,068.1% in the first quarter. BlackRock Inc. now owns 9,573,385 shares of the offshore driller’s stock valued at $91,235,000 after buying an additional 9,552,190 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Atwood Oceanics by 92.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,555,964 shares of the offshore driller’s stock valued at $43,418,000 after buying an additional 2,188,009 shares during the period. FMR LLC raised its stake in shares of Atwood Oceanics by 18.0% in the first quarter. FMR LLC now owns 11,470,032 shares of the offshore driller’s stock valued at $109,309,000 after buying an additional 1,750,720 shares during the period. Vanguard Group Inc. raised its stake in shares of Atwood Oceanics by 24.8% in the first quarter. Vanguard Group Inc. now owns 6,982,878 shares of the offshore driller’s stock valued at $66,546,000 after buying an additional 1,386,267 shares during the period. Finally, Norges Bank bought a new stake in shares of Atwood Oceanics during the fourth quarter valued at about $13,233,000. Hedge funds and other institutional investors own 90.62% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ATW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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