Atwood Oceanics (ATW) Posts Quarterly Earnings, Beats Expectations By $0.10 EPS
Atwood Oceanics (NYSE:ATW) issued its quarterly earnings data on Tuesday. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.10, Stock Ratings Network reports. The company had revenue of $284.70 million for the quarter, compared to the consensus estimate of $288.82 million. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 16.2% on a year-over-year basis.
Shares of Atwood Oceanics (NYSE:ATW) traded up 2.09% during mid-day trading on Tuesday, hitting $46.34. The stock had a trading volume of 1,284,870 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 $50.52 and its 200-day moving average is $54.32. The company has a market cap of $2.969 billion and a price-to-earnings ratio of 8.53.
A number of analysts have recently weighed in on ATW shares. Analysts at Raymond James downgraded shares of Atwood Oceanics from an “outperform” rating to a “market perform” rating in a research note to investors on Monday. On a related note, 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. Finally, 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $65.78.
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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