Atwood Oceanics (NYSE:ATW) has climbed 8.54% in the past week and advanced 8.16% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.84% and the outperformance has advanced to 7.17% for the last 4 weeks period.
Atwood Oceanics (NYSE:ATW): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.46 and $11.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.33, notching a gain of 10.09% for the day. The total traded volume was 4,026,438 . The stock had closed at $11.20 on the previous day.
The company shares have dropped -55.42% from its 1 Year high price. On Jun 19, 2015, the shares registered one year high at $28.45 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $10.88 and the 200 Day Moving Average price is recorded at $9.43.
On the companys insider trading activities, Saltiel Robert J., CEO of Atwood Oceanics Inc, had purchased 10,000 shares on February 5, 2016. The total value of the transaction was $73,100. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Many analysts have stated their opinion on the company shares. Johnson Rice downgrades their rating on the shares of Atwood Oceanics (NYSE:ATW). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 1% of Atwood Oceanics shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 6.3%.
Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental oil and gas wells. The Company has a fleet of approximately 13 mobile offshore drilling units located around the world. The Companys fleet includes Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its segment Offshore Contract Drilling Services consists of mobile offshore drilling units and related equipment comprising its offshore rig fleet. Its segment conducts offshore contract drilling operations located in the United States, Gulf of Mexico, the Mediterranean Sea, offshore West Africa, offshore Southeast Asia and offshore Australia. The Companys projects are Atwood Advantage, Atwood Achiever, Atwood Admiral and Atwood Archer. The Atwood Advantage, Atwood Achiever, Atwood Admiral and Atwood Archer are DP-3 dynamically-positioned, dual derrick, ultra-deepwater drillships rated to operate in water depths approximately up to 12,000 feet.