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Atwood Oceanics (NYSE:ATW) has earned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, ARN reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $61.44.

Atwood Oceanics (NYSE:ATW) opened at 47.23 on Friday. Atwood Oceanics has a 52-week low of $44.88 and a 52-week high of $59.49. The stock has a 50-day moving average of $48.26 and a 200-day moving average of $49.99. The company has a market cap of $3.036 billion and a P/E ratio of 8.84.

Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.97 by $0.16. The company had revenue of $273.10 million for the quarter, compared to the consensus estimate of $282.08 million. On average, analysts predict that Atwood Oceanics will post $5.10 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Atwood Oceanics from $61.00 to $56.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Separately, analysts at MLV & Co
cut their price target on shares of Atwood Oceanics from $61.00 to $56.00 in a research note on Monday, May 5th. They now have a “buy” rating on the stock. Finally, analysts at Barclays cut their price target on shares of Atwood Oceanics from $75.00 to $69.00 in a research note on Tuesday, April 8th. They now have an “overweight” rating on the stock.

Atwood Oceanics, Inc is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells.

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