Large Outflow of Money Witnessed in Atwood Oceanics

Atwood Oceanics (NYSE:ATW) jumped 0.08 points or 0.7% on strong buying and was last priced at $11.44 per share. The shares saw huge fund flow intraday; a massive $5.53 million made their way in through the upticks but an even bigger $6.85 million made their way out through downticks. As per the last observation, the net money flow stood at $(-1.32) million and the up/down ratio was found to be 0.81. The shares have seen a weekly value change of 9.58% .A block trade was recorded in the company shares with a net money flow of $(-1.5) million. The composite value of the funds in upticks was $0 million and the total value of funds in downticks was $1.5. As can be seen from the data, the block transaction had the up/down ratio of 0.


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%. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Atwood Oceanics Inc, Saltiel Robert J. had purchased shares worth of $73,100 in a transaction dated on February 5, 2016. A total of 10,000 shares were purchased at a price of $7.31 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Atwood Oceanics (NYSE:ATW) : On Monday heightened volatility was witnessed in Atwood Oceanics (NYSE:ATW) which led to swings in the share price. The stock opened for trading at $11.03 and hit $11.76 on the upside , eventually ending the session at $11.44, with a gain of 0.7% or 0.08 points. The heightened volatility saw the trading volume jump to 3,028,424 shares. The 52-week high of the share price is $29.35 and the company has a market cap of $741 million. The 52-week low of the share price is at $4.82 .

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm KLR Group upgrades its rating on Atwood Oceanics (NYSE:ATW). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Accumulate by the brokerage firm. The rating by the firm was issued on May 31, 2016.

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.

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