Atwood Oceanics (ATW) stock is expected to deviate a maximum of $4 from the average target price of $11.27 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $19 and the most muted being $6.
Atwood Oceanics (ATW) has witnessed a rise of 0.1% or 14,667 shares in its short figure. The short interest augmentation took it from 24,476,091 on June 15,2016 to 24,490,758 on June 30,2016. In terms of floated shares, the short interest was calculated to be 38.1%. The days to cover are 7 given that the daily volume averaged 3,521,995 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Johnson Rice downgrades its view on Atwood Oceanics (NYSE:ATW) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. 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 $11.77, the bulls momentum made the stock top out at $12.29 level for the day. The stock recorded a low of $11.74 and closed the trading day at $11.96, in the green by 0.25%. The total traded volume for the day was 4,073,088. The stock had closed at $11.93 in the previous days trading.
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.