Atwood Oceanics Receives Consensus Rating of “Buy” from Analysts (NYSE:ATW)
Atwood Oceanics (NYSE:ATW) has earned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the stock, American Banking News.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $64.88.
A number of analysts have recently weighed in on ATW shares. Analysts at Cowen and Company cut their price target on shares of Atwood Oceanics from $70.00 to $62.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Raymond James downgraded shares of Atwood Oceanics from an “outperform” rating to a “market perform” rating in a research note on Monday, February 3rd. Finally, analysts at Credit Suisse downgraded shares of Atwood Oceanics from an “outperform” rating to a “neutral” rating in a research note on Friday, January 17th.
Shares of Atwood Oceanics (NYSE:ATW) opened at 45.36 on Tuesday. Atwood Oceanics has a 1-year low of $43.91 and a 1-year high of $59.49. The stock’s 50-day moving average is $49.81 and its 200-day moving average is $53.9. The company has a market cap of $2.912 billion and a price-to-earnings ratio of 8.24.
Atwood Oceanics (NYSE:ATW) last released its earnings data on Tuesday, February 4th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.18 by $0.10. 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. On average, analysts predict that Atwood Oceanics will post $5.66 earnings per share 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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