Atwood Oceanics Inc. (NYSE:ATW) was up 3.2% during trading on Friday . The company traded as high as $8.43 and last traded at $8.29, with a volume of 1,826,871 shares. The stock had previously closed at $8.03.

Several research firms have recently issued reports on ATW. Simmons reiterated 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. Citigroup Inc. reduced their price objective on shares of Atwood Oceanics from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday. Vetr cut shares of Atwood Oceanics from a “buy” rating to a “strong sell” rating and set a $9.33 price objective on the stock. in a research report on Monday, May 9th. KLR Group upgraded shares of Atwood Oceanics from an “accumulate” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, May 31st. Finally, Jefferies Group cut shares of Atwood Oceanics from a “buy” rating to a “hold” rating and lifted their price objective for the company 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 assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. Atwood Oceanics presently has a consensus rating of “Hold” and an average target price of $11.24.

The stock has a market cap of $530.71 million and a PE ratio of 1.29. The company’s 50 day moving average price is $10.43 and its 200 day moving average price is $9.86.

Atwood Oceanics (NYSE:ATW) last announced its earnings results on Monday, August 1st. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates 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. The business’s revenue was down 31.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.73 earnings per share. Equities research analysts expect that Atwood Oceanics Inc. will post $4.63 EPS for the current year.

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

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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