Latest Stocks: Atwood Oceanics, Inc. (ATW) Lifted to “Market Perform” at Wood & Company

Latest Stocks: Atwood Oceanics, Inc. (ATW) Lifted to “Market Perform” at Wood & Company

Wood & Company upgraded shares of Atwood Oceanics, Inc. (NYSE:ATW) from an underperform rating to a market perform rating in a report published on Wednesday morning.

Other equities analysts have also issued reports about the stock. Pareto Securities raised shares of Atwood Oceanics from a hold rating to a buy rating and raised their target price for the company from $10.00 to $14.00 in a report on Tuesday, February 7th. Piper Jaffray Companies set a $15.00 target price on shares of Atwood Oceanics and gave the company a buy rating in a report on Tuesday, February 7th. Clarkson Capital raised shares of Atwood Oceanics from a neutral rating to a buy rating and set a $12.00 target price on the stock in a report on Friday, May 12th. Jefferies Group LLC set a $11.00 target price on shares of Atwood Oceanics and gave the company a hold rating in a report on Monday, February 6th. Finally, Scotiabank set a $12.00 target price on shares of Atwood Oceanics and gave the company a hold rating in a report on Wednesday, March 22nd. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Atwood Oceanics presently has an average rating of Hold and an average price target of $12.06.

Atwood Oceanics (NYSE:ATW) last released its earnings results on Monday, May 8th. The offshore driller reported $0.37 EPS for the quarter, beating the consensus estimate of ($0.29) by $0.66. Atwood Oceanics had a negative net margin of 17.21% and a negative return on equity of 3.48%. The firm had revenue of $167.71 million for the quarter, compared to analyst estimates of $130.51 million. During the same period last year, the firm earned $1.89 EPS. The business’s quarterly revenue was down 43.4% compared to the same quarter last year. On average, equities research analysts forecast that Atwood Oceanics will post ($0.34) EPS for the current fiscal year. Several hedge funds and other institutional investors have recently modified their holdings of ATW. Guggenheim Capital LLC increased its position in shares of Atwood Oceanics by 20.9% in the fourth quarter. Guggenheim Capital LLC now owns 428,114 shares of the offshore driller’s stock worth $5,621,000 after buying an additional 74,113 shares during the period. Vertex One Asset Management Inc. purchased a new position in shares of Atwood Oceanics during the fourth quarter worth about $622,000. GLG Partners LP purchased a new position in shares of Atwood Oceanics during the fourth quarter worth about $1,020,000. A.R.T. Advisors LLC increased its position in shares of Atwood Oceanics by 165.7% in the fourth quarter. A.R.T. Advisors LLC now owns 99,100 shares of the offshore driller’s stock worth $1,301,000 after buying an additional 61,800 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of Atwood Oceanics by 0.6% in the fourth quarter. New York State Teachers Retirement System now owns 158,195 shares of the offshore driller’s stock worth $2,077,000 after buying an additional 900 shares during the period. Hedge funds and other institutional investors own 90.62% of the company’s stock.

Receive News & 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 companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment