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Near-Term, Can These Stocks Move the Needle: Atwood Oceanics, Inc. (NYSE:ATW)

19 May 2017, 11:33 | Jan Cross

Near-Term, Can These Stocks Move the Needle: Atwood Oceanics, Inc. (NYSE:ATW)

Atwood Oceanics’ Revenue Fiscal 2Q17—After a 4 Quarter Fall

Zacks Investment Research cut shares of Atwood Oceanics, Inc. Drexel Hamilton downgraded the shares of CIEN in report on Friday, September 2 to "Hold" rating.

Acadian Asset Management LLC cut its position in Atwood Oceanics, Inc. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group's activities. According to these analysts, the Low Revenue Estimate for Atwood Oceanics, Inc.is 90.5 Million and the High Revenue Estimate is 135.6 Million. Evercore ISI reiterated a "hold" rating and set a $10.00 price target on shares of Atwood Oceanics in a report on Tuesday, February 7th.

Insider Trades for Atwood Oceanics, Inc. show that the latest trade was made on 17 Mar 2017 where Dotson (George S), the Director completed a transaction type "Buy" in which 9375 shares were traded at a price of $0. Stifel Nicolaus upgraded Pinnacle Foods Inc (NYSE:PF) on Friday, July 29 to "Buy" rating. The stock has "Outperform" rating by FBR Capital on Thursday, August 25. Six investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. The legal version of this article can be read at https://www.themarketsdaily.com/2017/05/19/analysts-set-atwood-oceanics-inc-atw-target-price-at-12-36-updated-updated.html.

Shares of Atwood Oceanics (NYSE:ATW) opened at 8.17 on Thursday. The stock's average target of $93.60 is -11.71% below today's ($106.01) share price.

Atwood Oceanics, Inc. (ATW) now has P/E (Price to Earnings) ratio of 5.92 while the company's industry has 0.83 P/E and the sector P/E is 16.18. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 5.77% where SMA50 and SMA200 are -2.53% and -13.35% respectively. The company has market cap of $648.32 million.

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Atwood Oceanics (NYSE:ATW) last posted its quarterly earnings data on Monday, May 8th. Atwood Oceanics had a net margin of 27.10% and a return on equity of 7.38%. The company beat the analyst EPS Estimate with the difference of $-0.01. According to the past 5 years report, the company on average reported -12.10% year-over-year EPS growth and sales growth was recorded at -39.20%. The company's revenue was down 43.4% on a year-over-year basis. Noting its average daily volume at 0.34 million shares each day over the month, this signifies a pretty significant change over the norm.

01/12/2017 - Atwood Oceanics, Inc. was upgraded to "neutral" by analysts at Citigroup. "(ATW) Receives $12.36 Average Target Price from Analysts" was originally posted by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of USA and worldwide trademark & copyright legislation.

Several hedge funds have recently bought and sold shares of ATW. South Dakota Investment Council raised its stake in Atwood Oceanics by 70.7% in the third quarter. Municipal Employees Retirement System of MI now owns 16,640 shares of the offshore driller's stock worth $159,000 after buying an additional 2,880 shares during the period. BlackRock Fund Advisors raised its stake in Atwood Oceanics by 9.5% in the third quarter. Capital One National Association now owns 33,351 shares of the offshore driller's stock valued at $290,000 after buying an additional 1,203 shares during the last quarter. Morgan Stanley downgraded the stock to "Equal-Weight" rating in Wednesday, October 26 report. The share price was last seen 1.95% higher, reaching at $10.45 on May. California Public Employees Retirement Systems has invested 0.01% in Atwood Oceanics, Inc. The company is set at a mean analysts' recommendation of 3.10.

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.

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