Atwood Oceanics (ATW) Receiving Somewhat Favorable Media Coverage, Analysis Shows
Media coverage about Atwood Oceanics (NYSE:ATW) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atwood Oceanics earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the offshore driller an impact score of 45.7579678642702 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
ATW has been the topic of several research reports. ValuEngine lowered Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Jefferies Group set a $10.00 target price on Atwood Oceanics and gave the company a “hold” rating in a report on Thursday, October 5th. Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 target price on shares of Atwood Oceanics in a report on Tuesday, September 19th. Finally, Zacks Investment Research lowered Atwood Oceanics from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $11.31.
Atwood Oceanics (NYSE:ATW) opened at $9.14 on Friday. The stock has a market capitalization of $750.73 and a price-to-earnings ratio of -43.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 8.80 and a quick ratio of 7.45.
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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