Atwood Oceanics Inc. (NYSE:ATW) fell 4.6% on Tuesday . The stock traded as low as $11.71 and last traded at $11.82, with a volume of 3,103,754 shares traded. The stock had previously closed at $12.39.

Several research 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 for the company in a research note on Tuesday, May 3rd. Citigroup Inc. lifted their price objective on shares of Atwood Oceanics from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, May 16th. Jefferies Group lowered shares of Atwood Oceanics from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $9.00 to $12.00 in a research note on Monday, May 9th. Finally, Clarkson Capital lowered shares of Atwood Oceanics from a “neutral” rating to a “sell” rating in a research note on Wednesday, April 27th. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $10.54.

The company has a market cap of $790.52 million and a PE ratio of 1.86. The stock’s 50-day moving average is $12.00 and its 200-day moving average is $9.33.

Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings data on Thursday, May 5th. The company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.33. During the same period in the previous year, the business posted $1.89 earnings per share. The business had revenue of $296.40 million for the quarter, compared to analyst estimates of $292.90 million. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. Analysts forecast that Atwood Oceanics Inc. will post $4.58 EPS for the current year.

Several institutional investors 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 during 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 during the last quarter. New Amsterdam Partners LLC NY bought 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 during 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.