The stock of Atwood Oceanics, Inc. (NYSE:ATW) is a huge mover today! About 1.52M shares traded hands. Atwood Oceanics, Inc. (NYSE:ATW) has risen 2.12% since March 16, 2016 and is uptrending. It has underperformed by 3.43% the S&P500.
The move comes after 6 months positive chart setup for the $617.17 million company. It was reported on Oct, 19 by Barchart.com. We have $12.99 PT which if reached, will make NYSE:ATW worth $222.18M 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 $32.96 million for 4.68 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. The firm has “Buy” rating given on Tuesday, May 31 by KLR Group. The company was upgraded on Thursday, September 22 by Clarkson Capital. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Hold” rating given on Monday, June 13 by Johnson Rice. The stock has “Neutral” rating given by Citigroup on Thursday, August 25. The stock of Atwood Oceanics, Inc. (NYSE:ATW) earned “Underweight” rating by Barclays Capital on Thursday, August 13. The firm earned “Sector Perform” rating on Friday, August 12 by RBC Capital Markets. On Wednesday, March 16 the stock rating was maintained by Citigroup with “Neutral”. Clarksons Platou downgraded the stock to “Neutral” rating in Wednesday, October 21 report. The company was downgraded on Friday, March 11 by Goldman Sachs. The firm has “Sell” rating given on Thursday, July 14 by Seaport Global.
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 is negative, 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.
Swiss Bank holds 103,850 shares or 0% of its portfolio. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0% in Atwood Oceanics, Inc. (NYSE:ATW). Martingale Asset Mngmt L P has 0.03% invested in the company for 122,433 shares. Moreover, Metropolitan Life Insur Ny has 0% invested in Atwood Oceanics, Inc. (NYSE:ATW) for 44,654 shares. Amica Retiree Tru holds 0.02% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 1,820 shares. Key Group Incorporated (Cayman) Limited last reported 2.80M shares in the company. Tci Wealth Advsrs Inc holds 0% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 65 shares. Fund Mgmt has 64,722 shares for 0.01% of their US portfolio. Citadel Limited Liability Co has 171,192 shares for 0% of their US portfolio. Nomura Asset Mngmt Ltd has 6,100 shares for 0% of their US portfolio. Retail Bank Of Montreal Can accumulated 0% or 184,064 shares. Piedmont Invest Advisors Ltd Limited Liability Company owns 186 shares or 0% of their US portfolio. Comerica Natl Bank has invested 0.01% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW). Oz Mgmt L P owns 52,800 shares or 0% of their US portfolio. Robotti Robert has 1.23M shares for 5.53% of their US portfolio.
More 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 the news titled: “Atwood Oceanics Inc. Positioned For Eventual Recovery” on September 27, 2016. Seekingalpha.com‘s news article titled: “Offshore Drillers: A Look At The Upcoming Earnings Season” with publication date: October 18, 2016 was also an interesting one.
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.
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