Atwood Oceanics (ATW) : Zacks Investment Research ranks Atwood Oceanics (ATW) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 13 research analysts is 3.23, which indicates as a Hold.
Atwood Oceanics (ATW) : The highest short term price target forecast on Atwood Oceanics (ATW) is $19 and the lowest target price is $6. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $11.55 with a standard deviation of $4.16.
Company shares have received an average consensus rating of Hold for the current week Atwood Oceanics (NYSE:ATW): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.97 and $9.63 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.90, notching a gain of 0.61% for the day. The total traded volume was 4,009,407 . The stock had closed at $9.84 on the previous day.
In a related news, Saltiel Robert J., CEO of Atwood Oceanics Inc had purchased 10,000 shares on February 5, 2016 in a transaction. The price per share was $7.31 and the total amount of the disclosed transaction was $73,100.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.