Atwood Oceanics, Inc. (ATW) Set to Announce Earnings on Thursday
Atwood Oceanics, Inc. (NYSE:ATW) is scheduled to be releasing its earnings data before the market opens on Thursday, November 9th. Analysts expect Atwood Oceanics to post earnings of ($0.34) per share for the quarter.
The company has a quick ratio of 7.45, a current ratio of 8.80 and a debt-to-equity ratio of 0.38.
Several equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Atwood Oceanics from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Citigroup Inc. restated a “neutral” rating on shares of Atwood Oceanics in a research note on Thursday, August 31st. Piper Jaffray Companies restated a “hold” rating and issued a $9.00 price objective on shares of Atwood Oceanics in a research note on Tuesday, September 19th. Finally, TheStreet downgraded shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research note on Monday, August 7th. Five analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $11.24.
About Atwood Oceanics
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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