Atwood Oceanics (ATW) Shares are Down -3.92%

Atwood Oceanics (ATW) : During the past 4 weeks, traders have been relatively bearish on Atwood Oceanics (ATW), hence the stock is down -24.3% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.89% relative to the S&P 500. The 4-week change in the price of the stock is -24.01% and the stock has fallen -3.92% in the past 1 week.

Atwood Oceanics, Inc. has dropped 22.54% during the last 3-month period . Year-to-Date the stock performance stands at -13.05%. The stock has recorded a 20-day Moving Average of 13.61% and the 50-Day Moving Average is 22.37%.


Atwood Oceanics (NYSE:ATW): The stock opened at $9.12 on Friday but the bulls could not build on the opening and the stock topped out at $9.14 for the day. The stock traded down to $8.55 during the day, due to lack of any buying support eventually closed down at $8.83 with a loss of -4.02% for the day. The stock had closed at $9.20 on the previous day. The total traded volume was 4,346,041 shares.

Also, In a research note released to the investors, Deutsche Bank maintains its rating on Atwood Oceanics (NYSE:ATW).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $11 per share to $15 per share. The rating by the firm was issued on August 3, 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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