Shares of Atwood Oceanics Inc. (NYSE:ATW) were up 7.7% on Tuesday . The stock traded as high as $12.72 and last traded at $12.58, with a volume of 2,618,841 shares changing hands. The stock had previously closed at $11.68.

A number of analysts recently commented on ATW shares. Susquehanna increased their price objective on Atwood Oceanics from $6.00 to $9.00 in a research note on Tuesday, April 12th. Cowen and Company decreased their price objective on Atwood Oceanics from $10.00 to $8.00 in a research note on Monday, March 21st. Vetr lowered Atwood Oceanics from a “strong-buy” rating to a “buy” rating and set a $10.31 price objective on the stock. in a research note on Monday, March 14th. Finally, KLR Group raised Atwood Oceanics from an “accumulate” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, May 31st. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Atwood Oceanics currently has an average rating of “Hold” and an average price target of $10.54.

The stock has a 50-day moving average of $11.76 and a 200-day moving average of $9.23. The stock has a market cap of $809.31 million and a PE ratio of 1.91.

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

Other hedge funds recently bought and sold shares of the company. South Dakota Investment Council raised its stake in 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. California Public Employees Retirement System raised its stake in 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. Buckhead Capital Management LLC raised its stake in Atwood Oceanics by 52.7% in the fourth quarter. Buckhead Capital Management LLC now owns 122,996 shares of the company’s stock worth $1,258,000 after buying an additional 42,455 shares during the last quarter. GSA Capital Partners LLP raised its stake in Atwood Oceanics by 51.0% in the fourth quarter. GSA Capital Partners LLP now owns 197,981 shares of the company’s stock worth $2,025,000 after buying an additional 66,868 shares during the last quarter. Finally, Nationwide Fund Advisors increased its position in Atwood Oceanics by 23.5% in the fourth quarter. Nationwide Fund Advisors now owns 365,993 shares of the company’s stock valued at $3,744,000 after buying an additional 69,548 shares during the period.

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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