Atwood Oceanics (ATW) : The consensus on Atwood Oceanics (ATW) based on 13 analyst recommendation on the company stock is 3.23, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Atwood Oceanics (ATW).
Atwood Oceanics (ATW) : 11 investment research analysts covering Atwood Oceanics (ATW) have an average price target of $11.27 for the near short term. The highest target price given by the Brokerage Firm to the stock is $19 and the lowest target is $6 for the short term. Analysts expect the variance to be within $4.31 of the average price.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm Citigroup maintains its rating on Atwood Oceanics (NYSE:ATW). As per the latest information, the brokerage house lowers the price target to $10 per share from a prior target of $12. The shares have been rated Neutral. The rating by the firm was issued on August 25, 2016.
Atwood Oceanics (NYSE:ATW): stock was range-bound between the intraday low of $7.87 and the intraday high of $8.25 after having opened at $8.17 on Wednesdays session. The stock finally closed in the red at $8.17, a loss of -3.79%. The stock remained in the red for the whole trading day. The total traded volume was 3,366,327 shares. The stock failed to cross $8.25 in Wednesdays trading. The stocks closing price on Thursday was $8.18.
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.