Atwood Oceanics Inc. (NYSE:ATW) traded up 3.9% on Monday . The stock traded as high as $12.43 and last traded at $12.39, with a volume of 2,720,110 shares traded. The stock had previously closed at $11.92.

A number of equities research analysts recently commented on the stock. Vetr raised shares of Atwood Oceanics from a “sell” rating to a “hold” rating and set a $9.33 target price for the company in a research report on Tuesday, May 3rd. Cowen and Company decreased their target price on shares of Atwood Oceanics from $10.00 to $8.00 in a research report on Monday, March 21st. Citigroup Inc. increased their target price 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. Clarkson Capital cut shares of Atwood Oceanics from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 27th. Finally, Jefferies Group cut shares of Atwood Oceanics from a “buy” rating to a “hold” rating and increased their target price for the company from $9.00 to $12.00 in a research report on Monday, May 9th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.54.

The firm has a market cap of $793.76 million and a PE ratio of 1.87. The firm has a 50-day moving average of $11.90 and a 200-day moving average of $9.29.

Atwood Oceanics (NYSE:ATW) last released its quarterly earnings results on Thursday, May 5th. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.56 by $0.33. The business earned $296.40 million during the quarter, compared to analysts’ expectations of $292.90 million. During the same quarter last year, the company earned $1.89 EPS. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. On average, analysts anticipate that Atwood Oceanics Inc. will post $4.58 EPS for the current year.

A number of institutional investors have recently made changes to their positions in ATW. South Dakota Investment Council boosted 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 valued at $1,109,000 after buying an additional 9,000 shares in the last quarter. Buckhead Capital Management LLC boosted its position in shares of 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 in the last quarter. New Amsterdam Partners LLC NY purchased a new position in shares of Atwood Oceanics during the fourth quarter valued at about $1,715,000. GSA Capital Partners LLP boosted its position in shares of 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 in the last quarter. Finally, California Public Employees Retirement System boosted 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 valued at $2,213,000 after buying an additional 18,900 shares in 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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