Atwood Oceanics Inc. (NYSE:ATW) was up 3.9% during mid-day trading 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.

Several equities research analysts recently issued reports on ATW shares. Vetr cut shares of Atwood Oceanics from a “buy” rating to a “hold” rating and set a $9.51 target price on the stock. in a report on Tuesday, April 12th. Wood & Company upgraded shares of Atwood Oceanics to a “strong-buy” rating in a research report on Thursday, July 7th. Finally, Citigroup Inc. reiterated a “hold” rating on shares of Atwood Oceanics in a research report on Thursday, May 19th. 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 assigned 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 stock has a market capitalization of $788.58 million and a PE ratio of 1.86. The company has a 50-day moving average price of $11.96 and a 200-day moving average price of $9.31.

Atwood Oceanics (NYSE:ATW) last posted its earnings results on Thursday, May 5th. The company reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.33. The firm earned $296.40 million during the quarter, compared to analyst estimates of $292.90 million. During the same quarter in the prior year, the firm earned $1.89 earnings per share. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. Equities analysts predict that Atwood Oceanics Inc. will post $4.58 earnings per share for the current year.

A number of institutional investors recently bought and sold shares of ATW. South Dakota Investment Council boosted 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 worth $1,109,000 after buying an additional 9,000 shares in the last quarter. Buckhead Capital Management LLC boosted 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 worth $1,258,000 after buying an additional 42,455 shares in the last quarter. New Amsterdam Partners LLC NY bought a new position in Atwood Oceanics during the fourth quarter worth $1,715,000. GSA Capital Partners LLP boosted 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 worth $2,025,000 after buying an additional 66,868 shares in the last quarter. Finally, California Public Employees Retirement System boosted its position 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 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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