Media coverage about Atwood Oceanics (NYSE:ATW) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atwood Oceanics earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news articles about the offshore driller an impact score of 45.302753900924 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern’s analysis:

Shares of Atwood Oceanics (ATW) traded up 0.75% during midday trading on Friday, hitting $8.11. 18,834,444 shares of the stock traded hands. The stock has a 50 day moving average of $7.02 and a 200 day moving average of $8.21. The company’s market capitalization is $652.51 million. Atwood Oceanics has a 1-year low of $5.91 and a 1-year high of $15.37.

Atwood Oceanics (NYSE:ATW) last released its earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The company had revenue of $117.20 million for the quarter, compared to analyst estimates of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. Atwood Oceanics’s quarterly revenue was down 48.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.53 EPS. Equities research analysts predict that Atwood Oceanics will post ($0.51) earnings per share for the current fiscal year.

ATW has been the topic of a number of recent research reports. Barclays PLC decreased their price target on shares of Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Friday, August 11th. Piper Jaffray Companies downgraded shares of Atwood Oceanics from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $15.00 to $10.00 in a research note on Monday, June 19th. BidaskClub upgraded shares of Atwood Oceanics from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. ValuEngine downgraded shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Zacks Investment Research upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Tuesday, July 25th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Atwood Oceanics currently has an average rating of “Hold” and a consensus target price of $11.67.

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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.

Insider Buying and Selling by Quarter for Atwood Oceanics (NYSE:ATW)

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