The stock of Atwood Oceanics, Inc. (NYSE:ATW) is a huge mover today! About 3.52M shares traded hands. Atwood Oceanics, Inc. (NYSE:ATW) has declined 18.50% since April 13, 2016 and is downtrending. It has underperformed by 22.43% the S&P500.
The move comes after 7 months positive chart setup for the $553.48M company. It was reported on Nov, 15 by Barchart.com. We have $10.73 PT which if reached, will make NYSE:ATW worth $182.65M more.
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 rating was maintained by RBC Capital Markets on Wednesday, November 11 with “Sector Perform”. The stock has “Sector Perform” rating given by Howard Weil on Thursday, February 4. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, August 12. Clarksons Platou upgraded Atwood Oceanics, Inc. (NYSE:ATW) on Thursday, September 22 to “Neutral” rating. On Friday, October 2 the stock rating was maintained by Macquarie Research with “Neutral”. The rating was initiated by KLR with “Hold” on Monday, December 14. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, December 4. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Neutral” rating given on Wednesday, October 21 by Clarksons Platou. The firm has “Sector Perform” rating given on Monday, December 14 by Howard Weil. The rating was upgraded by KLR Group to “Buy” on Tuesday, May 31.
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 Q2 2016. Its down 0.05, from 0.9 in 2016Q1. The ratio dropped, 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.
Teacher Retirement Systems Of Texas reported 8,449 shares or 0% of all its holdings. The United Kingdom-based Blackrock Gp has invested 0% in Atwood Oceanics, Inc. (NYSE:ATW). California State Teachers Retirement Sys holds 0% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 127,743 shares. Moreover, Blackrock Fund has 0.01% invested in Atwood Oceanics, Inc. (NYSE:ATW) for 4.11 million shares. Morgan Stanley has 379,392 shares for 0% of their US portfolio. American Gp Inc accumulated 0% or 201,160 shares. First Midwest National Bank Tru Division has invested 0.32% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW). Clark Capital holds 35,769 shares or 0.03% of its portfolio. Arosa Mngmt L P reported 354,850 shares or 0.54% of all its holdings. Spot Trading Llc holds 0% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW) for 12,736 shares. Tiaa Cref Inv Mngmt Ltd Co last reported 0% of its portfolio in the stock. Amica Mutual Ins owns 20,949 shares or 0.03% of their US portfolio. Tortoise Capital Ltd Liability Com, a Kansas-based fund reported 23 shares. Blackrock last reported 24,333 shares in the company. Tudor Corporation Et Al has invested 0% of its portfolio in Atwood Oceanics, Inc. (NYSE:ATW).
Another recent and important Atwood Oceanics, Inc. (NYSE:ATW) news was published by Fool.com which published an article titled: “Atwood Oceanics, Inc. Earnings Plunge on Charges, Contract Roll-Offs” on November 14, 2016.
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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