Atwood Oceanics, Inc. (NYSE:ATW)‘s stock had its “neutral” rating reissued by analysts at Citigroup Inc. in a report issued on Thursday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a report on Wednesday, July 12th. ValuEngine upgraded Atwood Oceanics from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Clarkson Capital upgraded Atwood Oceanics from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, May 12th. TheStreet downgraded Atwood Oceanics from a “c-” rating to a “d+” rating in a report on Monday, August 7th. Finally, Jefferies Group LLC set a $10.00 price target on Atwood Oceanics and gave the company a “hold” rating in a report on Monday, June 19th. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.40.

Atwood Oceanics (ATW) traded down 3.38% during midday trading on Thursday, reaching $6.57. The company had a trading volume of 6,443,124 shares. The stock’s market capitalization is $528.61 million. Atwood Oceanics has a one year low of $5.91 and a one year high of $15.37. The company has a 50-day moving average price of $7.31 and a 200-day moving average price of $8.62.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company had revenue of $117.20 million for the quarter, compared to the consensus estimate of $125.89 million. During the same quarter in the previous year, the business earned $1.53 EPS. Atwood Oceanics’s revenue was down 48.6% compared to the same quarter last year. On average, equities analysts expect that Atwood Oceanics will post ($0.44) earnings per share for the current year.

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Several hedge funds have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Atwood Oceanics by 14.6% in the fourth quarter. Teachers Advisors LLC now owns 141,784 shares of the offshore driller’s stock worth $1,862,000 after buying an additional 18,077 shares in the last quarter. Capstone Asset Management Co. boosted its stake in shares of Atwood Oceanics by 3.8% in the first quarter. Capstone Asset Management Co. now owns 35,099 shares of the offshore driller’s stock worth $334,000 after buying an additional 1,270 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Atwood Oceanics by 26.0% in the first quarter. Louisiana State Employees Retirement System now owns 30,500 shares of the offshore driller’s stock worth $291,000 after buying an additional 6,300 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Atwood Oceanics by 6,233.3% in the first quarter. Nisa Investment Advisors LLC now owns 57,000 shares of the offshore driller’s stock worth $543,000 after buying an additional 56,100 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Atwood Oceanics by 19.6% in the first quarter. Wells Fargo & Company MN now owns 906,017 shares of the offshore driller’s stock worth $8,634,000 after buying an additional 148,563 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

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