Atwood Oceanics Inc. (NYSE:ATW)’s share price dropped 2.8% during trading on Monday . The stock traded as low as $11.66 and last traded at $11.69, with a volume of 1,955,396 shares. The stock had previously closed at $12.03.

ATW has been the topic of several recent research reports. Vetr lowered Atwood Oceanics from a “buy” rating to a “hold” rating and set a $9.51 price target on the stock. in a research report on Tuesday, April 12th. Citigroup Inc. reissued a “neutral” rating and set a $10.00 price target (up from $7.00) on shares of Atwood Oceanics in a research report on Wednesday, March 16th. Wood & Company raised Atwood Oceanics to a “strong-buy” rating in a research report on Thursday. Finally, Cowen and Company reduced their price target on Atwood Oceanics from $10.00 to $8.00 in a research report on Monday, March 21st. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Atwood Oceanics has an average rating of “Hold” and an average target price of $10.54.

The firm’s 50 day moving average is $11.77 and its 200 day moving average is $9.21. The stock has a market capitalization of $756.83 million and a price-to-earnings ratio of 1.79.

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

Other institutional investors recently bought and sold shares of the company. South Dakota Investment Council increased its position in Atwood Oceanics by 9.1% in the fourth quarter. South Dakota Investment Council now owns 108,400 shares of the company’s stock valued at $1,109,000 after buying an additional 9,000 shares during the period. Buckhead Capital Management LLC increased its position in Atwood Oceanics by 52.7% in the fourth quarter. Buckhead Capital Management LLC now owns 122,996 shares of the company’s stock valued at $1,258,000 after buying an additional 42,455 shares during the period. New Amsterdam Partners LLC NY bought a new position in Atwood Oceanics during the fourth quarter valued at approximately $1,715,000. GSA Capital Partners LLP increased its position in Atwood Oceanics by 51.0% in the fourth quarter. GSA Capital Partners LLP now owns 197,981 shares of the company’s stock valued at $2,025,000 after buying an additional 66,868 shares during the period. Finally, Numeric Investors LLC bought a new position in Atwood Oceanics during the fourth quarter valued at approximately $2,185,000.

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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