Atwood Oceanics (ATW) Receives Price Target

Atwood Oceanics (ATW) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $19 and the lowest price target forecast is $6. The average forecast of all the analysts is $11.27 and the expected standard deviation is $4.31.

Atwood Oceanics (ATW) has an average broker rating of 3.23, which is interpreted as a Hold, as rated by 13 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.


Also, Major Brokerage house, Citigroup maintains its ratings on Atwood Oceanics (NYSE:ATW). In the latest research report, Citigroup lowers the target price from $12 per share to $10 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

Atwood Oceanics (NYSE:ATW): The stock opened at $7.82 on Thursday but the bulls could not build on the opening and the stock topped out at $7.88 for the day. The stock traded down to $7.52 during the day, due to lack of any buying support eventually closed down at $7.64 with a loss of -3.29% for the day. The stock had closed at $7.90 on the previous day. The total traded volume was 2,716,351 shares.

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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