ValuEngine upgraded shares of Atwood Oceanics, Inc. (NYSE:ATW) from a hold rating to a buy rating in a research report released on Friday morning.

Other equities analysts have also recently issued research reports about the company. Clarkson Capital upgraded Atwood Oceanics from a neutral rating to a buy rating and set a $12.00 target price on the stock in a report on Friday, May 12th. Wood & Company upgraded Atwood Oceanics from an accumulate rating to a buy rating in a report on Friday, April 28th. Zacks Investment Research upgraded Atwood Oceanics from a hold rating to a buy rating and set a $8.50 target price on the stock in a report on Wednesday, July 12th. Jefferies Group LLC set a $10.00 target price on Atwood Oceanics and gave the stock a hold rating in a report on Tuesday, April 11th. Finally, DNB Markets upgraded Atwood Oceanics from a sell rating to a hold rating in a report on Friday, May 19th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and a consensus target price of $11.67.

Shares of Atwood Oceanics (NYSE ATW) opened at 7.86 on Friday. The firm’s 50-day moving average price is $8.28 and its 200 day moving average price is $9.40. Atwood Oceanics has a 12-month low of $6.12 and a 12-month high of $15.37. The firm has a market cap of $632.88 million, a P/E ratio of 6.35 and a beta of 2.38.

Atwood Oceanics (NYSE:ATW) last issued its earnings results on Monday, May 8th. The offshore driller reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.29) by $0.66. Atwood Oceanics had a return on equity of 4.35% and a net margin of 11.40%. The firm had revenue of $167.71 million for the quarter, compared to analysts’ expectations of $130.51 million. During the same quarter last year, the business earned $1.89 earnings per share. The company’s revenue was down 43.4% compared to the same quarter last year. On average, equities analysts expect that Atwood Oceanics will post ($0.27) earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.watchlistnews.com/atwood-oceanics-inc-atw-upgraded-by-valuengine-to-buy/1464902.html.

A number of large investors have recently made changes to their positions in ATW. FMR LLC raised its stake in shares of Atwood Oceanics by 18.0% in the first quarter. FMR LLC now owns 11,470,032 shares of the offshore driller’s stock worth $109,309,000 after buying an additional 1,750,720 shares in the last quarter. BlackRock Inc. raised its stake in shares of Atwood Oceanics by 45,068.1% in the first quarter. BlackRock Inc. now owns 9,573,385 shares of the offshore driller’s stock worth $91,235,000 after buying an additional 9,552,190 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Atwood Oceanics by 24.8% in the first quarter. Vanguard Group Inc. now owns 6,982,878 shares of the offshore driller’s stock worth $66,546,000 after buying an additional 1,386,267 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Atwood Oceanics by 92.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,555,964 shares of the offshore driller’s stock worth $43,418,000 after buying an additional 2,188,009 shares in the last quarter. Finally, Van Den Berg Management I Inc. raised its stake in shares of Atwood Oceanics by 21.7% in the first quarter. Van Den Berg Management I Inc. now owns 3,211,890 shares of the offshore driller’s stock worth $30,609,000 after buying an additional 571,783 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

Receive News & Ratings for Atwood Oceanics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atwood Oceanics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.