Atwood Oceanics, Inc. (NYSE:ATW) received a $10.00 target price from stock analysts at Jefferies Group LLC in a note issued to investors on Thursday. The firm presently has a “hold” rating on the offshore driller’s stock. Jefferies Group LLC’s price objective suggests a potential upside of 7.30% from the company’s previous close.

ATW has been the subject of several other research reports. Citigroup Inc. restated a “neutral” rating on shares of Atwood Oceanics in a research note on Thursday, August 31st. ValuEngine upgraded Atwood Oceanics from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Piper Jaffray Companies set a $10.00 price objective on Atwood Oceanics and gave the stock a “hold” rating in a research note on Monday, August 21st. Zacks Investment Research upgraded Atwood Oceanics from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Tuesday, July 18th. Finally, Barclays PLC cut their price objective on Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Friday, August 11th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $11.67.

Atwood Oceanics (NYSE ATW) opened at 9.32 on Thursday. The company’s market cap is $749.87 million. Atwood Oceanics has a 1-year low of $5.91 and a 1-year high of $15.37. The stock has a 50 day moving average price of $7.68 and a 200-day moving average price of $8.19.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The firm had revenue of $117.20 million during the quarter, compared to analyst estimates of $125.89 million. During the same quarter in the previous year, the business earned $1.53 EPS. Atwood Oceanics’s revenue for the quarter was down 48.6% compared to the same quarter last year. On average, equities research analysts forecast that Atwood Oceanics will post ($0.50) EPS for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATW. Great West Life Assurance Co. Can lifted its holdings in Atwood Oceanics by 26.0% in the first quarter. Great West Life Assurance Co. Can now owns 100,337 shares of the offshore driller’s stock valued at $956,000 after acquiring an additional 20,697 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Atwood Oceanics by 69.1% in the first quarter. Bank of New York Mellon Corp now owns 1,991,238 shares of the offshore driller’s stock valued at $18,977,000 after acquiring an additional 813,666 shares during the last quarter. Comerica Bank lifted its holdings in Atwood Oceanics by 29.5% in the first quarter. Comerica Bank now owns 82,936 shares of the offshore driller’s stock valued at $650,000 after acquiring an additional 18,912 shares during the last quarter. Swiss National Bank lifted its holdings in Atwood Oceanics by 19.2% in the first quarter. Swiss National Bank now owns 123,750 shares of the offshore driller’s stock valued at $1,179,000 after acquiring an additional 19,900 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Atwood Oceanics in the first quarter valued at approximately $1,091,000. Hedge funds and other institutional investors own 91.97% of the company’s stock.

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.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

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