Shares of Atwood Oceanics Inc. (NYSE:ATW) saw an uptick in trading volume on Thursday . 3,086,913 shares were traded during trading, a decline of 14% from the previous session’s volume of 3,592,357 shares.The stock last traded at $12.10 and had previously closed at $12.38.

A number of analysts recently commented on the stock. Vetr downgraded shares of Atwood Oceanics from a “strong-buy” rating to a “buy” rating and set a $14.00 target price on the stock. in a report on Thursday, June 30th. Wood & Company upgraded shares of Atwood Oceanics to a “strong-buy” rating in a report on Thursday. Jefferies Group downgraded shares of Atwood Oceanics from a “buy” rating to a “hold” rating and boosted their target price for the stock from $9.00 to $12.00 in a report on Monday, May 9th. Royal Bank Of Canada boosted their target price on shares of Atwood Oceanics from $10.00 to $12.00 and gave the stock a “sector perform” rating in a report on Monday, May 9th. Finally, Johnson Rice downgraded shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Monday, June 13th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Atwood Oceanics presently has a consensus rating of “Hold” and a consensus price target of $10.54.

The firm’s 50 day moving average price is $11.73 and its 200 day moving average price is $9.22. The company has a market capitalization of $761.36 million and a PE ratio of 1.80.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings results on Thursday, May 5th. The company reported $1.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.33. The company earned $296.40 million during the quarter, compared to the consensus estimate of $292.90 million. During the same period in the previous year, the firm posted $1.89 EPS. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. On average, analysts predict that Atwood Oceanics Inc. will post $4.56 earnings per share for the current year.

A number of hedge funds and institutional investors recently made changes to their positions in the stock. Nationwide Fund Advisors raised its position in shares of Atwood Oceanics by 23.5% in the fourth quarter. Nationwide Fund Advisors now owns 365,993 shares of the company’s stock worth $3,744,000 after buying an additional 69,548 shares during the last quarter. Numeric Investors LLC bought a new position in shares of Atwood Oceanics during the fourth quarter worth $2,185,000. First Trust Advisors LP raised its position in shares of Atwood Oceanics by 45.1% in the fourth quarter. First Trust Advisors LP now owns 376,357 shares of the company’s stock worth $3,850,000 after buying an additional 117,013 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Atwood Oceanics by 9.6% in the fourth quarter. California Public Employees Retirement System now owns 216,300 shares of the company’s stock worth $2,213,000 after buying an additional 18,900 shares during the last quarter. Finally, South Dakota Investment Council raised its position in shares of Atwood Oceanics by 9.1% in the fourth quarter. South Dakota Investment Council now owns 108,400 shares of the company’s stock worth $1,109,000 after buying an additional 9,000 shares during the last quarter.

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.

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