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Atwood Oceanics (NYSE:ATW) was downgraded by stock analysts at Raymond James from an “outperform” rating to a “market perform” rating in a report issued on Monday, TheFlyOnTheWall.com reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse downgraded shares of Atwood Oceanics from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, January 17th. Separately, analysts at Barclays cut their price target on shares of Atwood Oceanics from $79.00 to $78.00 in a research note to investors on Tuesday, December 17th. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Atwood Oceanics from a “buy” rating to a “conviction-buy” rating in a research note to investors on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $65.78.

Atwood Oceanics (NYSE:ATW) traded down 4.24% on Monday, hitting $45.39. The stock had a trading volume of 1,577,807 shares. Atwood Oceanics has a 52 week low of $43.91 and a 52 week high of $59.49. The stock’s 50-day moving average is $50. and its 200-day moving average is $54.41. The company has a market cap of $2.908 billion and a price-to-earnings ratio of 8.91.

Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings data on Thursday, November 7th. The company reported $1.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.51 by $0.06. The company had revenue of $292.72 million for the quarter, compared to the consensus estimate of $290.22 million. During the same quarter in the prior year, the company posted $1.45 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that Atwood Oceanics will post $5.89 EPS for the current fiscal year.

Atwood Oceanics, Inc, along with its subsidiaries, is engaged in the international offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells.

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