Atwood Oceanics Inc. (NYSE:ATW) saw unusually-strong trading volume on Tuesday . Approximately 3,402,944 shares were traded during trading, a decline of 2% from the previous session’s volume of 3,472,746 shares.The stock last traded at $6.47 and had previously closed at $6.52.

A number of analysts recently commented on ATW shares. Wood & Company upgraded Atwood Oceanics to a “strong-buy” rating in a research report on Thursday, July 7th. Royal Bank Of Canada lowered their price target on Atwood Oceanics from $14.00 to $11.00 and set a “sector perform” rating for the company in a report on Friday, August 12th. Citigroup Inc. lowered their price target on Atwood Oceanics from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, August 25th. Vetr upgraded Atwood Oceanics from a “buy” rating to a “strong-buy” rating and set a $14.00 price target for the company in a report on Wednesday, July 6th. Finally, KLR Group upgraded Atwood Oceanics from an “accumulate” rating to a “buy” rating and set a $16.00 price target for the company in a report on Tuesday, May 31st. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $10.76.

The company has a 50-day moving average price of $8.51 and a 200 day moving average price of $10.00. The company has a market capitalization of $419.90 million, a PE ratio of 1.02 and a beta of 2.23.

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Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.63. The business had revenue of $227.80 million for the quarter, compared to analyst estimates of $232.74 million. Atwood Oceanics had a return on equity of 13.79% and a net margin of 34.45%. The firm’s revenue for the quarter was down 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.73 EPS. Analysts anticipate that Atwood Oceanics Inc. will post $4.68 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Key Group Holdings Cayman LTD. raised its position in shares of Atwood Oceanics by 91.7% in the second quarter. Key Group Holdings Cayman LTD. now owns 2,800,023 shares of the company’s stock worth $35,056,000 after buying an additional 1,339,490 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Atwood Oceanics by 27.6% in the first quarter. BlackRock Fund Advisors now owns 4,112,195 shares of the company’s stock valued at $37,709,000 after buying an additional 890,165 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Atwood Oceanics by 75.8% in the first quarter. Geode Capital Management LLC now owns 1,745,643 shares of the company’s stock valued at $16,007,000 after buying an additional 752,887 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Atwood Oceanics by 624.4% in the second quarter. Acadian Asset Management LLC now owns 820,195 shares of the company’s stock valued at $10,270,000 after buying an additional 706,971 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Atwood Oceanics by 141.3% in the first quarter. Prudential Financial Inc. now owns 806,543 shares of the company’s stock valued at $7,396,000 after buying an additional 472,341 shares during the last quarter.

About Atwood Oceanics

Atwood Oceanics, Inc is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company has a fleet of approximately 13 mobile offshore drilling units located around the world. The Company’s fleet includes Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups.

5 Day Chart for NYSE:ATW

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