Shares of Atwood Oceanics Inc. (NYSE:ATW) traded down 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 traded. The stock had previously closed at $12.03.

Several analysts have commented on the stock. Vetr raised shares of Atwood Oceanics from a “sell” rating to a “hold” rating and set a $9.33 price objective on the stock in a research report on Tuesday, May 3rd. Wood & Company raised shares of Atwood Oceanics to a “strong-buy” rating in a research report on Thursday, July 7th. Susquehanna boosted their price target on shares of Atwood Oceanics from $6.00 to $9.00 in a research report on Tuesday, April 12th. Citigroup Inc. boosted their price target on shares of Atwood Oceanics from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, May 16th. Finally, Clarkson Capital lowered shares of Atwood Oceanics from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 27th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $10.54.

The company’s 50 day moving average price is $11.81 and its 200-day moving average price is $9.24. The stock has a market capitalization of $764.60 million and a P/E ratio of 1.80.

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

Other large investors have recently added to or reduced their stakes in the company. South Dakota Investment Council boosted 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. Buckhead Capital Management LLC boosted 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. New Amsterdam Partners LLC NY purchased a new stake in Atwood Oceanics during the fourth quarter worth approximately $1,715,000. GSA Capital Partners LLP boosted 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, California Public Employees Retirement System boosted 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.

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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