The stock of Atwood Oceanics, Inc. (NYSE:ATW) is a huge mover today! About 1.81M shares traded hands. Atwood Oceanics, Inc. (NYSE:ATW) has risen 16.32% since March 2, 2016 and is uptrending. It has outperformed by 8.07% the S&P500.
The move comes after 6 months positive chart setup for the $576.28M company. It was reported on Oct, 5 by Barchart.com. We have $14.74 PT which if reached, will make NYSE:ATW worth $363.06 million more.
Analysts await Atwood Oceanics, Inc. (NYSE:ATW) to report earnings on November, 14. They expect $0.51 earnings per share, down 78.02% or $1.81 from last year’s $2.32 per share. ATW’s profit will be $32.51M for 4.43 P/E if the $0.51 EPS becomes a reality. After $0.98 actual earnings per share reported by Atwood Oceanics, Inc. for the previous quarter, Wall Street now forecasts -47.96% negative EPS growth.
Atwood Oceanics, Inc. (NYSE:ATW) Ratings Coverage
Out of 23 analysts covering Atwood Oceanics (NYSE:ATW), 3 rate it a “Buy”, 4 “Sell”, while 16 “Hold”. This means 13% are positive. Atwood Oceanics has been the topic of 54 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Macquarie Research maintained the shares of ATW in a report on Friday, February 5 with “Neutral” rating. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, October 20. The rating was upgraded by Guggenheim on Monday, November 30 to “Buy”. The rating was downgraded by Jefferies on Monday, May 9 to “Hold”. The stock of Atwood Oceanics, Inc. (NYSE:ATW) earned “Accumulate” rating by KLR Group on Thursday, February 4. Citigroup maintained the shares of ATW in a report on Monday, May 16 with “Neutral” rating. As per Friday, October 2, the company rating was maintained by Macquarie Research. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. The company was maintained on Tuesday, March 22 by RBC Capital Markets. As per Wednesday, October 21, the company rating was downgraded by Clarksons Platou.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in Q2 2016. Its down 0.05, from 0.9 in 2016Q1. The ratio fall, as 33 funds sold all Atwood Oceanics, Inc. shares owned while 70 reduced positions. 25 funds bought stakes while 63 increased positions. They now own 71.30 million shares or 1.28% less from 72.22 million shares in 2016Q1.
Woodstock last reported 0.05% of its portfolio in the stock. The Belgium-based Kbc Gru Nv has invested 0.02% in Atwood Oceanics, Inc. (NYSE:ATW). Foundry Partners Ltd accumulated 270,333 shares or 0.19% of the stock. Robotti Robert holds 1.23 million shares or 5.53% of its portfolio. Guggenheim Limited Liability Com, a Illinois-based fund reported 330,688 shares. Voya Limited Co holds 134,471 shares or 0% of its portfolio. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Atwood Oceanics, Inc. (NYSE:ATW) for 1,557 shares. Spot Trading Ltd Liability Company, a Illinois-based fund reported 12,736 shares. Meeder Asset accumulated 68,424 shares or 0.08% of the stock. Osborne Capital Limited Liability has 114,395 shares for 0.21% of their US portfolio. Allianz Asset Mgmt Ag holds 0% or 332,375 shares in its portfolio. Panagora Asset holds 678,093 shares or 0.04% of its portfolio. Lombardia Cap Prtn Ltd Liability holds 471,362 shares or 0.39% of its portfolio. Barrow Hanley Mewhinney And Strauss Limited Com, a Texas-based fund reported 43,672 shares. Proshare Advsr Limited Company last reported 0% of its portfolio in the stock.
More important recent Atwood Oceanics, Inc. (NYSE:ATW) news were published by: Fool.com which released: “Atwood Oceanics, Inc and Seadrill Ltd Spike on Reported OPEC Agreement” on September 28, 2016, also Seekingalpha.com published article titled: “Atwood Oceanics Inc. Positioned For Eventual Recovery”, Seekingalpha.com published: “Severely Underpriced: Atwood Oceanics” on September 11, 2016. More interesting news about Atwood Oceanics, Inc. (NYSE:ATW) was released by: Seekingalpha.com and their article: “Atwood Oceanics: Prepare For A Hard Landing” with publication date: September 13, 2016.
ATW Company Profile
Atwood Oceanics, Inc., incorporated on October 9, 1968, is an offshore drilling company. The Firm is engaged in the drilling and completion of exploration and development wells for the global gas and oil industry. The Firm owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. The Company’s Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey. The Atwood Achiever is an ultra-deepwater drillship, operating offshore Northwest Africa. The Atwood Advantage is an ultra-deepwater drillship, operating in the United States Gulf of Mexico. The Atwood Condor is an ultra-deepwater semisubmersible, operating in the United States Gulf of Mexico. The Atwood Osprey is an ultra-deepwater semisubmersible, and the Atwood Eagle, a deepwater semisubmersible, are both operating offshore Australia. The Atwood Admiral and Atwood Archer are ultra-deepwater drillships operating in water depths over 12,000 feet.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.