The stock of Atwood Oceanics, Inc. (NYSE:ATW) is a huge mover today! About 3.87 million shares traded hands. Atwood Oceanics, Inc. (NYSE:ATW) has declined 16.99% since April 27, 2016 and is downtrending. It has underperformed by 22.21% the S&P500.
The move comes after 9 months positive chart setup for the $574.44M company. It was reported on Nov, 30 by Barchart.com. We have $9.90 PT which if reached, will make NYSE:ATW worth $34.47 million more.
Analysts await Atwood Oceanics, Inc. (NYSE:ATW) to report earnings on February, 7. They expect $0.20 earnings per share, down 84.85% or $1.12 from last year’s $1.32 per share. ATW’s profit will be $12.30M for 11.68 P/E if the $0.20 EPS becomes a reality. After $0.63 actual earnings per share reported by Atwood Oceanics, Inc. for the previous quarter, Wall Street now forecasts -68.25% negative EPS growth.
Atwood Oceanics, Inc. (NYSE:ATW) Ratings Coverage
Out of 25 analysts covering Atwood Oceanics (NYSE:ATW), 2 rate it a “Buy”, 5 “Sell”, while 18 “Hold”. This means 8% are positive. Atwood Oceanics has been the topic of 58 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Atwood Oceanics, Inc. (NYSE:ATW) earned “Buy” rating by Vetr on Tuesday, September 1. The firm has “Accumulate” rating by KLR Group given on Thursday, February 4. On Monday, November 30 the stock rating was upgraded by Guggenheim to “Buy”. Cowen & Co downgraded Atwood Oceanics, Inc. (NYSE:ATW) on Monday, January 11 to “Market Perform” rating. The firm has “Sector Perform” rating given on Thursday, February 4 by Howard Weil. The stock of Atwood Oceanics, Inc. (NYSE:ATW) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 12. The rating was downgraded by Raymond James on Wednesday, September 14 to “Underperform”. The stock of Atwood Oceanics, Inc. (NYSE:ATW) earned “Neutral” rating by Clarksons Platou on Wednesday, October 21. Jefferies downgraded Atwood Oceanics, Inc. (NYSE:ATW) rating on Monday, May 9. Jefferies has “Hold” rating and $12 price target. Howard Weil downgraded the stock to “Sector Perform” rating in Monday, December 14 report.
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 increased to 1.1 in 2016 Q2. Its up 0.25, from 0.85 in 2016Q1. The ratio improved, 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 Llc accumulated 0% or 43,672 shares. Wells Fargo Mn holds 0% or 522,979 shares in its portfolio. Thrivent For Lutherans accumulated 0.02% or 318,727 shares. Gsa Ptnrs Limited Liability Partnership accumulated 105,398 shares or 0.07% of the stock. Qs Ltd accumulated 1.96M shares or 0.21% of the stock. Teacher Retirement Systems Of Texas has 8,449 shares for 0% of their US portfolio. D E Shaw & reported 295,580 shares or 0.01% of all its holdings. The Pennsylvania-based Mount Lucas Mngmt Ltd Partnership has invested 0.13% in Atwood Oceanics, Inc. (NYSE:ATW). Marshall Wace Llp holds 599,058 shares or 0.06% of its portfolio. Texas Permanent School Fund has 0.01% invested in the company for 44,590 shares. Sei Invs Com holds 87 shares or 0% of its portfolio. United Ser Automobile Association last reported 32,830 shares in the company. Numeric Ltd holds 780,802 shares or 0.09% of its portfolio. Alliancebernstein L P last reported 0% of its portfolio in the stock. Moreover, Energy Opportunities Capital Management Ltd Limited Liability Company has 0.56% invested in Atwood Oceanics, Inc. (NYSE:ATW) for 149,152 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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