Atwood Oceanics Inc. (NYSE:ATW) was upgraded by analysts at Clarkson Capital from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday.

A number of other brokerages have also issued reports on ATW. Vetr lowered Atwood Oceanics from a “strong-buy” rating to a “buy” rating and set a $14.00 price target for the company. in a research note on Thursday, June 30th. Wood & Company raised Atwood Oceanics to a “strong-buy” rating in a research note on Thursday, July 7th. Johnson Rice lowered Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Monday, June 13th. Citigroup Inc. decreased their price target on Atwood Oceanics from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, July 28th. Finally, Stephens reissued an “overweight” rating and set a $16.00 price target on shares of Atwood Oceanics in a research note on Monday, August 1st. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Atwood Oceanics currently has an average rating of “Hold” and a consensus price target of $10.76.

Shares of Atwood Oceanics (NYSE:ATW) opened at 6.85 on Thursday. The company has a market capitalization of $443.88 million, a P/E ratio of 1.08 and a beta of 2.23. The firm has a 50-day moving average price of $8.42 and a 200 day moving average price of $9.98. Atwood Oceanics has a 12-month low of $4.82 and a 12-month high of $19.65.

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Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings results on Monday, August 1st. The company reported $1.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.63. Atwood Oceanics had a return on equity of 13.79% and a net margin of 34.45%. The firm earned $227.80 million during the quarter, compared to analyst estimates of $232.74 million. During the same period last year, the company earned $1.73 EPS. Atwood Oceanics’s quarterly revenue was down 31.1% compared to the same quarter last year. On average, equities research analysts predict that Atwood Oceanics will post $4.68 earnings per share for the current year.

Institutional investors have recently modified their holdings of the stock. Raymond James & Associates boosted its position in shares of Atwood Oceanics by 0.4% in the second quarter. Raymond James & Associates now owns 11,621 shares of the company’s stock valued at $145,000 after buying an additional 48 shares during the period. Capstone Asset Management Co. boosted its position in shares of Atwood Oceanics by 0.5% in the second quarter. Capstone Asset Management Co. now owns 29,989 shares of the company’s stock valued at $375,000 after buying an additional 160 shares during the period. Arizona State Retirement System boosted its position in shares of Atwood Oceanics by 1.3% in the second quarter. Arizona State Retirement System now owns 30,300 shares of the company’s stock valued at $379,000 after buying an additional 400 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Atwood Oceanics by 2.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 45,788 shares of the company’s stock valued at $573,000 after buying an additional 915 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of Atwood Oceanics by 14.2% in the second quarter. Teacher Retirement System of Texas now owns 8,449 shares of the company’s stock valued at $106,000 after buying an additional 1,049 shares during the period.

Atwood Oceanics Company Profile

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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