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Investment analysts at Deutsche Bank assumed coverage on shares of Atwood Oceanics (NYSE:ATW) in a note issued to investors on Thursday, reports. The firm set a “hold” rating and a $52.00 price target on the stock. Deutsche Bank’s target price suggests a potential upside of 2.50% from the stock’s previous close.

A number of other analysts have also recently weighed in on ATW. Analysts at Macquarie initiated coverage on shares of Atwood Oceanics in a research note on Wednesday, June 4th. They set a “neutral” rating and a $56.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Atwood Oceanics in a research note on Monday, May 19th. They now have a $56.00 price target on the stock, down previously from $57.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $60.00.

Atwood Oceanics (NYSE:ATW) traded up 1.24% during mid-day trading on Thursday, hitting $51.36. The stock had a trading volume of 74,383 shares. Atwood Oceanics has a 52-week low of $44.88 and a 52-week high of $59.49. The stock’s 50-day moving average is $48. and its 200-day moving average is $49.13. The company has a market cap of $3.302 billion and a price-to-earnings ratio of 9.49.

Atwood Oceanics (NYSE:ATW) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.13 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Atwood Oceanics will post $5.03 EPS for the current fiscal year.

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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