Zacks Rating on Atwood Oceanics (ATW)

Atwood Oceanics (ATW) : 2 brokerage houses believe that Atwood Oceanics (ATW) is a Strong Buy at current levels. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Atwood Oceanics (ATW). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 3 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 13 Wall Street Analysts endorse the stock as a Hold with a rating of 3.23.

Atwood Oceanics (ATW) : 11 Wall Street analysts covering Atwood Oceanics (ATW) believe that the average level the stock could reach for the short term is $11.27. The maximum price target given is $19 and the minimum target for short term is around $6, hence the standard deviation is calculated at $4.31.


Atwood Oceanics, Inc. has lost 4.79% in the last five trading days and dropped 24.89% in the last 4 weeks. Atwood Oceanics, Inc. has dropped 21.51% during the last 3-month period . Year-to-Date the stock performance stands at -15.9%. Atwood Oceanics (NYSE:ATW): stock turned positive on Tuesday. Though the stock opened at $8.28, the bulls momentum made the stock top out at $8.77 level for the day. The stock recorded a low of $8.28 and closed the trading day at $8.54, in the green by 1.30%. The total traded volume for the day was 2,605,679. The stock had closed at $8.43 in the previous days trading.

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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