Atwood Oceanics, Inc. (ATW) Rating Reiterated by Iberia Capital

Atwood Oceanics, Inc. (NYSE:ATW)‘s stock had its “sector perform” rating reiterated by equities researchers at Iberia Capital in a research note issued to investors on Wednesday. They presently have a $15.00 price target on the stock. Iberia Capital’s price objective indicates a potential upside of 16.55% from the company’s current price.

Other analysts also recently issued research reports about the stock. Stephens downgraded shares of Atwood Oceanics to a “hold” rating and set a $10.00 target price for the company. in a report on Saturday, November 19th. Citigroup Inc. upgraded shares of Atwood Oceanics from a “sell” rating to a “neutral” rating in a research note on Wednesday. Vetr downgraded shares of Atwood Oceanics from a “strong-buy” rating to a “buy” rating and set a $9.18 price target for the company. in a research note on Monday, November 21st. Scotiabank restated a “sector perform” rating on shares of Atwood Oceanics in a research note on Wednesday, September 14th. Finally, Wood & Company downgraded shares of Atwood Oceanics from a “market perform” rating to an “underperform” rating in a research note on Wednesday, September 14th. Nine investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $10.37.

Analyst Recommendations for Atwood Oceanics (NYSE:ATW)

Shares of Atwood Oceanics (NYSE:ATW) traded up 5.67% during midday trading on Wednesday, hitting $13.60. The stock had a trading volume of 1,690,135 shares. The stock has a market cap of $881.35 million, a PE ratio of 3.33 and a beta of 2.33. The firm has a 50 day moving average price of $12.03 and a 200-day moving average price of $9.88. Atwood Oceanics has a 52-week low of $4.82 and a 52-week high of $15.37.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in shares of Atwood Oceanics by 81.4% in the second quarter. BNP Paribas Arbitrage SA now owns 22,940 shares of the company’s stock worth $287,000 after buying an additional 10,294 shares during the period. Capstone Asset Management Co. raised its position in shares of Atwood Oceanics by 0.5% in the second quarter. Capstone Asset Management Co. now owns 29,989 shares of the company’s stock worth $375,000 after buying an additional 160 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Atwood Oceanics by 28.1% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,294,273 shares of the company’s stock worth $16,204,000 after buying an additional 283,973 shares during the period. New York State Teachers Retirement System raised its position in shares of Atwood Oceanics by 3.8% in the second quarter. New York State Teachers Retirement System now owns 157,895 shares of the company’s stock worth $1,977,000 after buying an additional 5,800 shares during the period. Finally, Bank of Montreal Can purchased a new position in shares of Atwood Oceanics during the second quarter worth about $2,304,000.

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.

5 Day Chart for NYSE:ATW

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