Atwood Oceanics (ATW) Receives ‘Analyst’ Rating

Atwood Oceanics (ATW) : 12 analysts are covering Atwood Oceanics (ATW) and their average rating on the stock is 3.42, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 4 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Atwood Oceanics (ATW) : Average target price received by Atwood Oceanics (ATW) is $11.27 with an expected standard deviation of $4.31. The most aggressive target on the stock is $19, whereas the most downbeat target is $6. 11 financial analysts are currently covering the stock.


Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Atwood Oceanics (NYSE:ATW). The rating major has initiated the coverage with neutral rating on the shares. The Analysts at Citigroup lowers the price target from $12 per share to $10 per share. The rating by the firm was issued on August 25, 2016.

Atwood Oceanics (NYSE:ATW): After opening at $6.95, the stock dipped to an intraday low of $6.84 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.125 and the buying power remained strong till the end. The stock closed at $6.96 for the day, a gain of 0.72% for the day session. The total traded volume was 3,351,706. The stocks close on the previous trading day was $6.91.

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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