Atwood Oceanics, Inc. (NYSE:ATW) has received a consensus recommendation of “Hold” from the twenty-four ratings firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.30.

Several research firms have commented on ATW. Zacks Investment Research cut shares of Atwood Oceanics from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Jefferies Group set a $10.00 target price on shares of Atwood Oceanics and gave the company a “hold” rating in a research note on Thursday, October 5th. ValuEngine cut shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $9.00 target price on shares of Atwood Oceanics in a research note on Tuesday, September 19th.

Several large investors have recently bought and sold shares of the company. California Public Employees Retirement System boosted its position in shares of Atwood Oceanics by 158.3% during the 3rd quarter. California Public Employees Retirement System now owns 1,016,314 shares of the offshore driller’s stock valued at $9,543,000 after purchasing an additional 622,914 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Atwood Oceanics in the third quarter worth about $237,000. Jane Street Group LLC boosted its holdings in shares of Atwood Oceanics by 501.0% in the third quarter. Jane Street Group LLC now owns 64,277 shares of the offshore driller’s stock worth $604,000 after buying an additional 53,582 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Atwood Oceanics in the third quarter worth about $926,000. Finally, Alpine Associates Management Inc. boosted its holdings in shares of Atwood Oceanics by 1,094.9% in the third quarter. Alpine Associates Management Inc. now owns 3,202,260 shares of the offshore driller’s stock worth $30,069,000 after buying an additional 2,934,260 shares during the period. Institutional investors own 91.97% of the company’s stock.

Shares of Atwood Oceanics (NYSE:ATW) opened at $9.32 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 8.80 and a quick ratio of 7.45. Atwood Oceanics has a twelve month low of $5.91 and a twelve month high of $15.37. The firm has a market cap of $750.73 and a PE ratio of -44.38.

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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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