Atwood Oceanics Inc. (NYSE:ATW) shares rose 3.8% during mid-day trading on Thursday . The company traded as high as $9.09 and last traded at $9.05, with a volume of 2,020,906 shares changing hands. The stock had previously closed at $8.72.

ATW has been the subject of a number of recent research reports. Wood & Company raised shares of Atwood Oceanics to a “strong-buy” rating in a research note on Thursday, July 7th. Royal Bank Of Canada dropped their price objective on shares of Atwood Oceanics from $14.00 to $11.00 and set a “sector perform” rating for the company in a research note on Friday, August 12th. Vetr raised shares of Atwood Oceanics from a “buy” rating to a “strong-buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, July 6th. KLR Group raised 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 note on Tuesday, May 31st. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $11.00 price objective (down from $14.00) on shares of Atwood Oceanics in a research note on Sunday. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $11.32.

The firm has a market capitalization of $596.16 million and a price-to-earnings ratio of 1.45. The company’s 50-day moving average is $11.18 and its 200-day moving average is $9.77.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Monday, August 1st. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.63. The business earned $227.80 million during the quarter, compared to analyst estimates of $232.74 million. During the same quarter in the prior year, the company posted $1.73 EPS. The company’s quarterly revenue was down 31.1% compared to the same quarter last year. On average, equities research analysts anticipate that Atwood Oceanics Inc. will post $4.64 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Atwood Oceanics stock. Trexquant Investment LP bought a new stake in shares of Atwood Oceanics Inc. (NYSE:ATW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 237,020 shares of the company’s stock, valued at approximately $2,425,000. Trexquant Investment LP owned about 0.37% of Atwood Oceanics as of its most recent SEC filing.

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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