Atwood Oceanics, Inc. (NYSE:ATW) Cut to "Neutral" at Piper Jaffray Companies

Cheryl Sanders
July 14, 2017

Burlington Stores Inc (NYSE:BURL) has risen 77.68% since July 12, 2016 and is uptrending. It has outperformed by 24.99% the S&P500. Barclays PLC reiterated an "underweight" rating and issued a $7.00 price objective (down previously from $11.00) on shares of Atwood Oceanics in a research note on Monday, May 1st. Therefore 0 are positive.

The Stock had a 3.18 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 3.46 and 3.57 respectively.

Raymond James downgraded Atwood Oceanics, Inc. ATW was included in 5 notes of analysts from September 14, 2016. Macquarie Research has "Neutral" rating and $17 target. Zacks Investment Research cut shares of Atwood Oceanics from a "hold" rating to a "sell" rating in a research note on Tuesday, April 11th. On November 17 the company was downgraded from "Overweight" to "Sell" with a current price target of $5.50 in an announcement from Stephens & Co. The firm has "Buy" rating by Sidoti given on Wednesday, January 6. More interesting news about Hecla Mining Company (NYSE:HL) were released by: Seekingalpha.com and their article: "Hecla Mining guides Q2 EBITDA, revenues below consensus" published on June 28, 2017 as well as Reuters.com's news article titled: "BRIEF-Hecla Mining Company announces cash tender offer for its outstanding 6 ..." with publication date: June 28, 2017. (NYSE ATW) traded down 2.28% on Tuesday, reaching $7.70.

Currently, EPS of Atwood Oceanics, Inc. (NYSE:ATW) has been trading recently. Investors who are keeping close eye on the stock of Atwood Oceanics, Inc. (NYSE:ATW) earned "Sector Perform" rating by Howard Weil on Thursday, February 4.


Moving toward other technical indicators, stock is wondering in considerable region as it has 20 days moving average of -9.81% and struggles for 50 days moving average of buoyant run is -10.44%. (ATW) have 84.15 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. The Firm owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups.

Looking forward to the ratio analysis, the co has price to earnings ratio of 5.58, which is indicating if firm is fluctuating between 15 and 25 than it lies on average position; but sometimes if it's under this value some experts consider it as undervalue security. 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. (NYSE:ATW) shares have been seen trading -2.56% away from the 20-day moving average.

Joel Greenblatt increased its stake in Atwood Oceanics Inc (ATW) by 7.07% based on its latest 2016Q4 regulatory filing with the SEC. It has underperformed by 33.62% the S&P500.

Investors sentiment decreased to 1.01 in 2016 Q4. Its down 0.05, from 1.1 in 2016Q3.


Now the shares of Atwood Oceanics, Inc. 40 funds opened positions while 97 raised stakes. Norges Bank bought a new position in Atwood Oceanics during the fourth quarter worth about $13,233,000. Its Average True Range (ATR) value figured out at 0.12. (ATW) is -0.25 while the analysts predicted the EPS of the stock to be -0.24 suggesting the company fell short of the analysts' expectations. The stock of Atwood Oceanics, Inc. (NYSE:ATW) for 186 shares. Float is the number of shares available for trading of a particular stock. Tradewinds Capital Ltd Liability Corporation holds 0% or 72 shares in its portfolio. Ubs Asset Mgmt Americas Incorporated holds 62,117 shares or 0% of its portfolio.

The share price of the company (NYSE:ATW) was down -2.60% during the last trading session, with a high of 8.10 and the volume of Atwood Oceanics, Inc. shares traded was 8841810. Atwood Oceanics, Inc. (NYSE:ATW) has declined 21.05% since July 11, 2016 and is downtrending. (NYSE:ATW). Marshall Wace Llp accumulated 284,711 shares. It turned negative, as 35 investors sold ATW shares while 57 reduced holdings. Robotti Robert owns 1.18 million shares or 4.72% of their U.S. portfolio. During the same quarter in the previous year, the firm posted $1.89 earnings per share. Eulav Asset Mngmt reported 42,200 shares. Wellington Management Gp Llp reported 0% stake. The average analysts gave this company a mean recommendation of 2.40. Earnings, with 22 analysts believing the company would generate an Average Estimate of $-0.07.

Van Den Berg Management I Inc decreased Unit Corp (NYSE:UNT) stake by 47,553 shares to 1.62M valued at $43.65M in 2016Q4. Equities analysts predict that Atwood Oceanics, Inc. will post ($0.30) earnings per share for the current fiscal year.


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