Deutsche Bank Maintains Atwood Oceanics to Hold with Price Target $15.00

Brokerage firm Deutsche Bank Maintains its rating on Atwood Oceanics(NYSE:ATW). In a research note issued to the investors, the brokerage major Raises the price-target to $15.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 3, 2016.

In a different note, On Jul 28, 2016, Citigroup said it Maintains its rating on Atwood Oceanics. In the research note, the firm Lowers the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Seaport Global said it Downgrades its rating on Atwood Oceanics. The shares have been rated ‘Sell’ by the firm. On Jun 13, 2016, Johnson Rice said it Downgrades its rating on Atwood Oceanics. The shares have been rated ‘Hold’ by the firm. On May 31, 2016, KLR Group said it Upgrades its rating on Atwood Oceanics. The shares have been rated ‘Buy’ by the firm. On May 19, 2016, Citigroup said it Maintains its rating on Atwood Oceanics. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm. On May 16, 2016, Citigroup said it Maintains its rating on Atwood Oceanics. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm.

Atwood Oceanics (ATW) shares turned negative on Fridays trading session with the shares closing down -0.71 points or -7.17% at a volume of 59,10,739. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.03. The peak price level was also seen at $10.03 while the days lowest was $9.17. Finally the shares closed at $9.19. The 52-week high of the shares is $21.2697 while the 52-week low is $4.82. According to the latest information available, the market cap of the company is $596 M.

Atwood Oceanics(ATW) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $227.80M. Analysts had an estimated revenue of $234.92M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.85.

Several Insider Transactions has been reported to the SEC. On Feb 5, 2016, Robert J. Saltiel (CEO) purchased 10,000 shares at $7.31 per share price.Also, On Jan 12, 2015, Barry Michael Smith (Sr. VP – Technical Services) sold 818 shares at $26.53 per share price.On Jan 12, 2015, Mark W. Smith (VP, CAO & Controller) sold 568 shares at $26.53 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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 12000 feet.

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