Equities research analysts predict that Atwood Oceanics, Inc. (NYSE:ATW) will announce earnings of ($0.06) per share for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Atwood Oceanics’ earnings. The lowest EPS estimate is ($0.10) and the highest is $0.00. Atwood Oceanics posted earnings of $0.98 per share during the same quarter last year, which indicates a negative year over year growth rate of 106.1%. The business is scheduled to announce its next quarterly earnings results on Monday, August 7th.

According to Zacks, analysts expect that Atwood Oceanics will report full-year earnings of ($0.57) per share for the current fiscal year, with EPS estimates ranging from ($0.65) to ($0.44). For the next year, analysts forecast that the company will report earnings of ($3.46) per share, with EPS estimates ranging from ($4.15) to ($2.65). Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Atwood Oceanics.

Atwood Oceanics (NYSE:ATW) last released its quarterly earnings data on Monday, May 8th. The offshore driller reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.66. The firm had revenue of $167.71 million during the quarter, compared to analysts’ expectations of $130.51 million. Atwood Oceanics had a return on equity of 4.35% and a net margin of 11.40%. The business’s revenue for the quarter was down 43.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 earnings per share.

A number of research firms have issued reports on ATW. Jefferies Group LLC set a $10.00 target price on Atwood Oceanics and gave the stock a “hold” rating in a report on Wednesday, May 17th. Zacks Investment Research cut Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine upgraded Atwood Oceanics from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Seaport Global Securities upgraded Atwood Oceanics from a “sell” rating to a “neutral” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies cut Atwood Oceanics from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $15.00 to $10.00 in a report on Monday, June 19th. Three analysts have rated the stock with a sell rating, eighteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.68.

Shares of Atwood Oceanics (NYSE ATW) opened at 7.81 on Tuesday. The firm has a market cap of $628.85 million, a PE ratio of 6.31 and a beta of 2.38. The company’s 50-day moving average price is $8.52 and its 200-day moving average price is $9.60. Atwood Oceanics has a 52-week low of $6.12 and a 52-week high of $15.37.

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Several institutional investors have recently bought and sold shares of the company. Capstone Asset Management Co. increased its position in Atwood Oceanics by 1.0% in the second quarter. Capstone Asset Management Co. now owns 35,449 shares of the offshore driller’s stock worth $289,000 after buying an additional 350 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Atwood Oceanics by 6.0% in the first quarter. Public Employees Retirement System of Ohio now owns 19,583 shares of the offshore driller’s stock valued at $187,000 after buying an additional 1,104 shares during the period. Mutual of America Capital Management LLC increased its stake in shares of Atwood Oceanics by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 242,108 shares of the offshore driller’s stock valued at $2,307,000 after buying an additional 1,803 shares during the period. Ingalls & Snyder LLC increased its stake in shares of Atwood Oceanics by 7.9% in the first quarter. Ingalls & Snyder LLC now owns 30,125 shares of the offshore driller’s stock valued at $287,000 after buying an additional 2,200 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Atwood Oceanics by 2.3% in the first quarter. Alliancebernstein L.P. now owns 102,800 shares of the offshore driller’s stock valued at $980,000 after buying an additional 2,300 shares during the period. Institutional investors own 91.97% of the company’s stock.

About Atwood Oceanics

Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.

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Earnings History and Estimates for Atwood Oceanics (NYSE:ATW)

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