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

Several equities analysts recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $16.00 price objective on shares of Atwood Oceanics in a research note on Monday, August 1st. Simmons reissued an “overweight” rating and issued a $19.00 price target (up previously from $18.00) on shares of Atwood Oceanics in a research note on Tuesday, May 10th. Royal Bank Of Canada boosted their price target on shares of Atwood Oceanics from $10.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Monday, May 9th. KLR Group raised shares of Atwood Oceanics from an “accumulate” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, May 31st. Finally, Citigroup Inc. cut their price target on shares of Atwood Oceanics from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $11.24.

The company has a market capitalization of $530.71 million and a price-to-earnings ratio of 1.29. The company has a 50-day moving average of $10.52 and a 200 day moving average of $9.85.

Atwood Oceanics (NYSE:ATW) last posted its quarterly earnings data on Monday, August 1st. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $0.90 by $0.63. During the same period in the previous year, the firm earned $1.73 earnings per share. The firm had revenue of $227.80 million for the quarter, compared to analysts’ expectations of $232.74 million. The firm’s quarterly revenue was down 31.1% compared to the same quarter last year. Equities research analysts predict that Atwood Oceanics Inc. will post $4.63 earnings per share for the current fiscal year.

An institutional investor recently raised its position in Atwood Oceanics stock. Morgan Stanley boosted its stake in Atwood Oceanics Inc. (NYSE:ATW) by 154.6% during the fourth quarter, according to its most recent disclosure 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 about 2.05% of Atwood Oceanics worth $13,554,000 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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