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Shares of Atwood Oceanics (NYSE:ATW) have received a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the stock, Stock Ratings Network reports. Ten analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $56.36.

ATW has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Atwood Oceanics in a research note on Monday, August 4th. They now have a $50.00 price target on the stock, down previously from $52.00. Separately, analysts at Fearnley Fonds upgraded shares of Atwood Oceanics from a “reduce” rating to an “accumulate” rating in a research note on Friday, August 1st. They now have a $53.00 price target on the stock, up previously from $47.00. Finally, analysts at Global Hunter Securities downgraded shares of Atwood Oceanics from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 16th. They now have a $51.00 price target on the stock, down previously from $55.00.

Shares of Atwood Oceanics (NYSE:ATW) opened at 48.89 on Wednesday. Atwood Oceanics has a 52 week low of $44.88 and a 52 week high of $59.21. The stock has a 50-day moving average of $50.45 and a 200-day moving average of $48.84. The company has a market cap of $3.146 billion and a price-to-earnings ratio of 9.39.

Atwood Oceanics (NYSE:ATW) last released its earnings data on Wednesday, July 30th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.03. The company had revenue of $292.78 million for the quarter, compared to the consensus estimate of $282.68 million. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that Atwood Oceanics will post $4.94 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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