Atwood Oceanics Inc. (NYSE:ATW) shares rose 4.3% during mid-day trading on Tuesday . The company traded as high as $11.92 and last traded at $11.86, with a volume of 2,719,498 shares. The stock had previously closed at $11.37.

ATW has been the subject of several recent analyst reports. Simmons restated an “overweight” rating and set a $19.00 price objective (up previously from $18.00) on shares of Atwood Oceanics in a research report on Tuesday, May 10th. Vetr upgraded shares of Atwood Oceanics from a “buy” rating to a “strong-buy” rating and set a $10.39 price objective for the company in a research report on Monday, March 28th. KLR Group upgraded shares of Atwood Oceanics from an “accumulate” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, May 31st. Barclays PLC downgraded shares of Atwood Oceanics from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $7.00 to $6.00 in a research report on Monday, March 28th. Finally, Jefferies Group downgraded shares of Atwood Oceanics from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $9.00 to $12.00 in a research report on Monday, May 9th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $10.54.

The stock has a market cap of $773.68 million and a P/E ratio of 1.83. The stock’s 50-day moving average is $12.09 and its 200 day moving average is $9.38.

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

Several large investors have recently made changes to their positions in ATW. Trexquant Investment LP purchased a new stake in shares of Atwood Oceanics during the fourth quarter valued at about $2,425,000. Buckhead Capital Management LLC raised its stake 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. Morgan Stanley raised its stake in shares of Atwood Oceanics by 154.6% in the fourth quarter. Morgan Stanley now owns 1,324,986 shares of the company’s stock valued at $13,554,000 after buying an additional 804,553 shares in the last quarter. GSA Capital Partners LLP raised its stake 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, South Dakota Investment Council raised its stake 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.

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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