Atwood Oceanics, Inc. (ATW) Given a $9.00 Price Target at BMO Capital Markets
Several other analysts have also recently commented on the stock. Vetr upgraded shares of Atwood Oceanics from a strong sell rating to a hold rating and set a $14.10 target price for the company in a research note on Thursday. Iberia Capital restated a sector perform rating and issued a $15.00 target price on shares of Atwood Oceanics in a research note on Wednesday. Citigroup Inc. upgraded shares of Atwood Oceanics from a sell rating to a neutral rating and lifted their target price for the stock from $5.50 to $14.00 in a research report on Wednesday. Oppenheimer Holdings, Inc. began coverage on shares of Atwood Oceanics in a research report on Friday, January 6th. They set an outperform rating for the company. Finally, TheStreet upgraded shares of Atwood Oceanics from a sell rating to a hold rating in a report on Friday, December 23rd. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $10.88.
Shares of Atwood Oceanics (NYSE:ATW) traded down 1.42% during mid-day trading on Thursday, reaching $13.85. 2,954,222 shares of the company’s stock traded hands. The company’s 50-day moving average price is $12.36 and its 200-day moving average price is $9.94. Atwood Oceanics has a 12-month low of $4.82 and a 12-month high of $15.37. The stock has a market capitalization of $897.55 million, a PE ratio of 3.39 and a beta of 2.33.
A number of hedge funds have recently bought and sold shares of the stock. LPL Financial LLC purchased a new stake in Atwood Oceanics during the third quarter worth approximately $252,000. Credit Suisse AG raised its stake in Atwood Oceanics by 38.4% in the third quarter. Credit Suisse AG now owns 125,428 shares of the company’s stock worth $1,090,000 after buying an additional 34,819 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Atwood Oceanics by 91.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 428,600 shares of the company’s stock worth $3,725,000 after buying an additional 205,025 shares in the last quarter. Jane Street Group LLC purchased a new stake in Atwood Oceanics during the third quarter worth approximately $616,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Atwood Oceanics during the third quarter worth approximately $365,000.
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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