Shares of Atwood Oceanics Inc. (NYSE:ATW) were up 5.8% during trading on Friday . The company traded as high as $8.26 and last traded at $8.08, with a volume of 1,722,754 shares traded. The stock had previously closed at $7.64.

A number of analysts have recently commented on ATW shares. Wood & Company raised Atwood Oceanics to a “strong-buy” rating in a research note on Thursday, July 7th. Royal Bank Of Canada dropped their price objective on Atwood Oceanics from $14.00 to $11.00 and set a “sector perform” rating on the stock in a research note on Friday, August 12th. Citigroup Inc. cut their target price on Atwood Oceanics from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, August 25th. Vetr raised Atwood Oceanics from a “buy” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, July 6th. Finally, KLR Group raised Atwood Oceanics from an “accumulate” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Tuesday, May 31st. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $11.24.

The firm has a 50-day moving average of $9.86 and a 200-day moving average of $9.91. The firm has a market capitalization of $516.46 million and a price-to-earnings ratio of 1.26.

Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings data on Monday, August 1st. The company reported $1.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.63. The business had revenue of $227.80 million for the quarter, compared to analyst estimates of $232.74 million. The business’s quarterly revenue was down 31.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. Equities analysts forecast that Atwood Oceanics Inc. will post $4.69 earnings per share for the current fiscal year.

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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