Revenue Update on Atwood Oceanics(NYSE:ATW)

Atwood Oceanics(NYSE:ATW) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 1, 2016. Company reported revenue of $227.80M. Analysts estimated a revenue of $234.92M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.85.

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) made into the market gainers list on Mondays trading session with the shares advancing 7.96% or 0.81 points. Due to strong positive momentum, the stock ended at $10.98, which is also near the day’s high of $11.13. The stock began the session at $10.38 and the volume stood at 50,80,138 shares. The 52-week high of the shares is $21.35 and the 52 week low is $4.82. The company has a current market capitalization of $712 M and it has 6,48,00,353 shares in outstanding.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *