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

Several equities research analysts have recently weighed in on ATW shares. Deutsche Bank AG increased their target price on shares of Atwood Oceanics from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Wood & Company raised shares of Atwood Oceanics to a “strong-buy” rating in a research note on Thursday, July 7th. Jefferies Group set a $11.00 target price on shares of Atwood Oceanics and gave the company a “hold” rating in a research note on Wednesday, August 3rd. Vetr raised shares of Atwood Oceanics from a “sell” rating to a “hold” rating and set a $9.33 price target on the stock in a research note on Tuesday, May 3rd. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and issued a $11.00 price target (down previously from $14.00) on shares of Atwood Oceanics in a research note on Sunday, August 14th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Atwood Oceanics has an average rating of “Hold” and a consensus target price of $11.32.

The firm’s 50-day moving average is $10.99 and its 200-day moving average is $9.79. The stock has a market capitalization of $572.18 million and a PE ratio of 1.39.

Atwood Oceanics (NYSE:ATW) last released its earnings results on Monday, August 1st. The company reported $1.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.63. The firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $232.74 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. The firm’s quarterly revenue was down 31.1% on a year-over-year basis. On average, equities research analysts anticipate that Atwood Oceanics Inc. will post $4.64 earnings per share for the current year.

A hedge fund recently raised its stake in Atwood Oceanics stock. Morgan Stanley boosted its position in Atwood Oceanics Inc. (NYSE:ATW) by 154.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,324,986 shares of the company’s stock after buying an additional 804,553 shares during the period. Morgan Stanley owned approximately 2.05% of Atwood Oceanics worth $13,554,000 at the end of the most recent reporting period.

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.