State Street Corp decreased its stake in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,423,373 shares of the company’s stock after selling 46,600 shares during the period. State Street Corp’s holdings in Atwood Oceanics were worth $31,818,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in ATW. Victory Capital Management Inc. purchased a new stake in Atwood Oceanics during the third quarter worth approximately $156,000. First Citizens Bank & Trust Co. purchased a new stake in Atwood Oceanics during the third quarter worth approximately $201,000. Acrospire Investment Management LLC increased its stake in Atwood Oceanics by 76.6% in the third quarter. Acrospire Investment Management LLC now owns 25,816 shares of the company’s stock worth $224,000 after buying an additional 11,200 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Atwood Oceanics by 3.1% in the third quarter. Louisiana State Employees Retirement System now owns 26,600 shares of the company’s stock worth $231,000 after buying an additional 800 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new stake in Atwood Oceanics during the third quarter worth approximately $232,000. 90.62% of the stock is currently owned by hedge funds and other institutional investors.
Atwood Oceanics, Inc. (NYSE:ATW) opened at 9.13 on Monday. Atwood Oceanics, Inc. has a one year low of $6.12 and a one year high of $15.37. The stock has a market cap of $734.68 million, a P/E ratio of 2.51 and a beta of 2.26. The stock’s 50 day moving average price is $10.08 and its 200-day moving average price is $10.12.
Atwood Oceanics (NYSE:ATW) last released its quarterly earnings results on Friday, February 3rd. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.03. The business had revenue of $157.56 million for the quarter. Atwood Oceanics had a return on equity of 7.38% and a net margin of 27.10%. Atwood Oceanics’s revenue was down 48.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 EPS. On average, analysts predict that Atwood Oceanics, Inc. will post ($0.57) earnings per share for the current year.
A number of analysts have recently commented on ATW shares. Vetr raised Atwood Oceanics from a “strong sell” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, January 18th. Citigroup Inc raised Atwood Oceanics from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $5.50 to $14.00 in a research note on Wednesday, January 11th. Oppenheimer Holdings Inc. started coverage on Atwood Oceanics in a research note on Friday, January 6th. They issued an “outperform” rating on the stock. Goldman Sachs Group Inc reissued a “sell” rating and issued a $7.75 price objective (down previously from $9.00) on shares of Atwood Oceanics in a research note on Tuesday, February 7th. Finally, Simmons reissued an “overweight” rating and issued a $15.00 price objective (down previously from $15.50) on shares of Atwood Oceanics in a research note on Tuesday, February 7th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Atwood Oceanics presently has a consensus rating of “Hold” and an average target price of $11.94.
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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