The stock of Atwood Oceanics, Inc. (NYSE:ATW) is a huge mover today! The stock decreased 3.90% or $0.29 during the last trading session, hitting $7.14. About 3.95 million shares traded hands or 7.05% up from the average. Atwood Oceanics, Inc. (NYSE:ATW) has declined 11.02% since April 4, 2016 and is downtrending. It has underperformed by 12.11% the S&P500.
The move comes after 7 months negative chart setup for the $452.43 million company. It was reported on Nov, 4 by Barchart.com. We have $6.14 PT which if reached, will make NYSE:ATW worth $63.34 million less.
Analysts await Atwood Oceanics, Inc. (NYSE:ATW) to report earnings on November, 14. They expect $0.51 earnings per share, down 78.02% or $1.81 from last year’s $2.32 per share. ATW’s profit will be $32.32M for 3.50 P/E if the $0.51 EPS becomes a reality. After $0.98 actual earnings per share reported by Atwood Oceanics, Inc. for the previous quarter, Wall Street now forecasts -47.96% negative EPS growth.
Atwood Oceanics, Inc. (NYSE:ATW) Ratings Coverage
Out of 24 analysts covering Atwood Oceanics (NYSE:ATW), 3 rate it a “Buy”, 4 “Sell”, while 17 “Hold”. This means 13% are positive. Atwood Oceanics has been the topic of 55 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 4. The company was downgraded on Wednesday, September 14 by Raymond James. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Underweight” rating given on Thursday, August 13 by Barclays Capital. The company was initiated on Tuesday, October 20 by RBC Capital Markets. The company was maintained on Friday, July 31 by Howard Weil. The company was downgraded on Wednesday, October 26 by Morgan Stanley. The company was downgraded on Friday, March 11 by Goldman Sachs. The rating was upgraded by Clarksons Platou on Thursday, September 22 to “Neutral”. Macquarie Research maintained the shares of ATW in a report on Friday, February 5 with “Neutral” rating. The rating was maintained by Macquarie Research on Wednesday, September 9 with “Neutral”.
According to Zacks Investment Research, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.05, from 0.9 in 2016Q1. The ratio worsened, as 33 funds sold all Atwood Oceanics, Inc. shares owned while 70 reduced positions. 25 funds bought stakes while 63 increased positions. They now own 71.30 million shares or 1.28% less from 72.22 million shares in 2016Q1.
Barrow Hanley Mewhinney & Strauss Ltd Liability Co last reported 43,672 shares in the company. Key (Cayman) Ltd last reported 2.80 million shares in the company. Fifth Third Retail Bank owns 180 shares or 0% of their US portfolio. Woodstock has 18,501 shares for 0.05% of their US portfolio. Tci Wealth has 0% invested in the company for 65 shares. Moreover, Arizona State Retirement System has 0.01% invested in Atwood Oceanics, Inc. (NYSE:ATW) for 30,300 shares. Cetera Advsr Limited Liability holds 0.03% or 35,947 shares in its portfolio. Tru Department Mb Fin Fincl Bank N A holds 0% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 127 shares. Huntington Fincl Bank has 0% invested in the company for 550 shares. Menta Llc has 20,900 shares for 0.04% of their US portfolio. Pub Sector Pension Invest Board holds 0.01% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 43,000 shares. State Board Of Administration Of Florida Retirement Sys holds 0% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 45,788 shares. Qs Investors Llc reported 1.96M shares or 0.21% of all its holdings. Credit Suisse Ag has 0% invested in the company for 90,609 shares. Dimensional Fund Advisors Ltd Partnership accumulated 0.02% or 2.38M shares.
ATW Company Profile
Atwood Oceanics, Inc., incorporated on October 9, 1968, is an offshore drilling company. The Firm is engaged in the drilling and completion of exploration and development wells for the global gas and oil industry. The Firm owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. The Company’s Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey. The Atwood Achiever is an ultra-deepwater drillship, operating offshore Northwest Africa. The Atwood Advantage is an ultra-deepwater drillship, operating in the United States Gulf of Mexico. The Atwood Condor is an ultra-deepwater semisubmersible, operating in the United States Gulf of Mexico. The Atwood Osprey is an ultra-deepwater semisubmersible, and the Atwood Eagle, a deepwater semisubmersible, are both operating offshore Australia. The Atwood Admiral and Atwood Archer are ultra-deepwater drillships operating in water depths over 12,000 feet.
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