Price Target Update on Atwood Oceanics (NYSE:ATW)

Atwood Oceanics (NYSE:ATW) : Currently there are 11 street experts covering Atwood Oceanics (NYSE:ATW) stock. The most bullish and bearish price target for the stock is $19 and $6 respectively for the short term. The average price target of all the analysts comes to $11.27. The estimated standard deviation from the target is $4.

Other Equity analysts have also commented 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.

Atwood Oceanics (NYSE:ATW): stock turned positive on Thursday. Though the stock opened at $12.69, the bulls momentum made the stock top out at $13.33 level for the day. The stock recorded a low of $12.47 and closed the trading day at $13.27, in the green by 7.62%. The total traded volume for the day was 3,954,423. The stock had closed at $12.33 in the previous days trading.

The company shares have dropped -53.24% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $27.59 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $11.17 and the 200 Day Moving Average price is recorded at $9.26. 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.

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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