Mason Street Advisors LLC Buys Shares of 11,401 Atwood Oceanics Inc. (ATW)
Mason Street Advisors LLC bought a new position in shares of Atwood Oceanics Inc. (NYSE:ATW) during the second quarter, Holdings Channel reports. The fund bought 11,401 shares of the company’s stock, valued at approximately $143,000.
Several other large investors have also bought and sold shares of the stock. FMR LLC boosted its stake in Atwood Oceanics by 1.8% in the second quarter. FMR LLC now owns 9,410,000 shares of the company’s stock worth $117,813,000 after buying an additional 165,000 shares during the period. Vanguard Group Inc. boosted its stake in Atwood Oceanics by 1.6% in the second quarter. Vanguard Group Inc. now owns 6,290,948 shares of the company’s stock worth $78,762,000 after buying an additional 99,998 shares during the period. BlackRock Fund Advisors boosted its stake in Atwood Oceanics by 27.6% in the first quarter. BlackRock Fund Advisors now owns 4,112,195 shares of the company’s stock worth $37,709,000 after buying an additional 890,165 shares during the period. Key Group Holdings Cayman LTD. boosted its stake in Atwood Oceanics by 91.7% in the second quarter. Key Group Holdings Cayman LTD. now owns 2,800,023 shares of the company’s stock worth $35,056,000 after buying an additional 1,339,490 shares during the period. Finally, State Street Corp boosted its stake in Atwood Oceanics by 2.0% in the second quarter. State Street Corp now owns 2,426,876 shares of the company’s stock worth $30,384,000 after buying an additional 47,139 shares during the period.
Shares of Atwood Oceanics Inc. (NYSE:ATW) opened at 9.10 on Friday. Atwood Oceanics Inc. has a 12-month low of $4.82 and a 12-month high of $19.65. The firm has a market cap of $589.68 million, a P/E ratio of 1.43 and a beta of 2.23. The company has a 50-day moving average of $7.99 and a 200 day moving average of $9.88.
Atwood Oceanics (NYSE:ATW) last issued its earnings results on Monday, August 1st. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.63. Atwood Oceanics had a net margin of 34.45% and a return on equity of 13.79%. The company had revenue of $227.80 million for the quarter, compared to analyst estimates of $232.74 million. During the same period in the prior year, the business posted $1.73 earnings per share. The firm’s revenue for the quarter was down 31.1% compared to the same quarter last year. Equities research analysts anticipate that Atwood Oceanics Inc. will post $4.70 earnings per share for the current fiscal year.
ATW has been the topic of a number of analyst reports. Raymond James Financial Inc. cut Atwood Oceanics from a “market perform” rating to an “underperform” rating in a research report on Wednesday, September 14th. Jefferies Group set a $8.00 price objective on Atwood Oceanics and gave the stock a “hold” rating in a report on Wednesday, September 28th. Deutsche Bank AG lifted their price objective on Atwood Oceanics from $11.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Wood & Company upgraded Atwood Oceanics to a “strong-buy” rating in a report on Thursday, July 7th. Finally, Scotia Howard Weill began coverage on Atwood Oceanics in a report on Wednesday, September 14th. They issued a “sector perform” rating and a $8.50 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $10.64.
Atwood Oceanics Company Profile
Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.
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