Atwood Oceanics (ATW) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Atwood Oceanics (NYSE: ATW) recently:

  • 8/7/2017 – Atwood Oceanics was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating.
  • 7/28/2017 – Atwood Oceanics was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Atwood Oceanics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.75 price target on the stock. According to Zacks, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities. “
  • 7/24/2017 – Atwood Oceanics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities. “
  • 7/18/2017 – Atwood Oceanics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.00 price target on the stock. According to Zacks, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities. “
  • 7/13/2017 – Atwood Oceanics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities. “
  • 7/12/2017 – Atwood Oceanics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.50 price target on the stock. According to Zacks, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities. “
  • 6/19/2017 – Atwood Oceanics was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $10.00 price target on the stock, down previously from $15.00.
  • 6/19/2017 – Atwood Oceanics was given a new $10.00 price target on by analysts at Jefferies Group LLC. They now have a “hold” rating on the stock.

Shares of Atwood Oceanics, Inc. (ATW) opened at 6.91 on Wednesday. The company has a 50 day moving average of $8.09 and a 200-day moving average of $9.32. Atwood Oceanics, Inc. has a 12-month low of $6.12 and a 12-month high of $15.37. The firm has a market cap of $556.39 million, a price-to-earnings ratio of 5.59 and a beta of 2.36.

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 the consensus estimate of ($0.06) by $0.01. Atwood Oceanics had a negative net margin of 3.06% and a positive return on equity of 2.25%. The business had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. During the same quarter in the previous year, the firm posted $1.53 earnings per share. Atwood Oceanics’s quarterly revenue was down 48.6% on a year-over-year basis. Analysts predict that Atwood Oceanics, Inc. will post ($0.27) EPS for the current year.

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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