The Brokers Offer Predictions for Atwood Oceanics, Inc.’s Q2 2017 Earnings (ATW), Report finds

The Brokers Offer Predictions for Atwood Oceanics, Inc.’s Q2 2017 Earnings (ATW), Report finds

A number of other equities analysts have also recently commented on ATW. Morgan Stanley cut shares of Atwood Oceanics from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $18.00 to $19.00 in a research note on Wednesday, October 26th. Stephens reissued an “equal weight” rating on shares of Atwood Oceanics in a research note on Thursday, November 17th. BMO Capital Markets cut shares of Atwood Oceanics from a “market perform” rating to an “underperform” rating and dropped their price objective for the stock from $8.00 to $7.00 in a research note on Monday, October 17th. Vetr raised shares of Atwood Oceanics from a “strong sell” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, January 18th. Finally, Royal Bank Of Canada cut shares of Atwood Oceanics from a “sector perform” rating to an “underperform” rating and lifted their price objective for the stock from $10.00 to $15.00 in a research note on Friday, December 16th. Eight analysts have rated the stock with a sell rating, fifteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $11.23.

Atwood Oceanics, Inc. (NYSE:ATW) – Equities researchers at Jefferies Group cut their Q2 2017 earnings per share (EPS) estimates for shares of Atwood Oceanics in a report issued on Monday. Jefferies Group analyst E. Royes now expects that the brokerage will earn ($0.37) per share for the quarter, down from their prior forecast of ($0.11). Jefferies Group currently has a “Hold” rating and a $11.00 price objective on the stock. Jefferies Group also issued estimates for Atwood Oceanics’ Q3 2017 earnings at ($0.13) EPS, Q4 2017 earnings at ($0.48) EPS, FY2017 earnings at ($0.90) EPS, FY2018 earnings at ($3.95) EPS, FY2019 earnings at ($2.35) EPS and FY2020 earnings at ($1.35) EPS.

Atwood Oceanics (NYSE:ATW) traded up 2.166% during trading on Thursday, hitting $11.085. 648,127 shares of the company’s stock traded hands. The company’s 50 day moving average is $13.07 and its 200-day moving average is $10.01. Atwood Oceanics has a 12 month low of $5.07 and a 12 month high of $15.37. The stock has a market cap of $892.00 million, a P/E ratio of 3.048 and a beta of 2.26.

Atwood Oceanics (NYSE:ATW) last posted its earnings results on Friday, February 3rd. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.03. Atwood Oceanics had a return on equity of 7.38% and a net margin of 27.10%. The firm had revenue of $157.56 million for the quarter. During the same quarter in the prior year, the company posted $1.60 earnings per share. The firm’s quarterly revenue was down 48.8% on a year-over-year basis.

Several institutional investors have recently bought and sold shares of ATW. New York State Teachers Retirement System boosted its position in Atwood Oceanics by 3.8% in the second quarter. New York State Teachers Retirement System now owns 157,895 shares of the company’s stock valued at $1,977,000 after buying an additional 5,800 shares in the last quarter. Bank of Montreal Can bought a new position in Atwood Oceanics during the second quarter worth $2,304,000. Nordea Investment Management AB boosted its position in Atwood Oceanics by 173.2% in the second quarter. Nordea Investment Management AB now owns 57,858 shares of the company’s stock worth $724,000 after buying an additional 36,677 shares in the last quarter. Van Den Berg Management I Inc. boosted its position in Atwood Oceanics by 38.8% in the second quarter. Van Den Berg Management I Inc. now owns 1,635,424 shares of the company’s stock worth $20,476,000 after buying an additional 456,823 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Atwood Oceanics by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 8,449 shares of the company’s stock worth $106,000 after buying an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

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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