Atwood Oceanics, Inc. (NYSE:ATW): Are Traders Shorting This Stock?

Credit Suisse Group AG restated a "neutral" rating and set a $8.00 price target (up previously from $6.00) on shares of Atwood Oceanics in a research note on Monday, February 6th. While it's Return on Investment (ROI) value is 7.1%. Five analysts have provided estimates for Atwood Oceanics' earnings, with the lowest sales estimate coming in at $117.08 million and the highest estimate coming in at $135.6 million. Atwood Oceanics posted sales of $227.8 million in the same quarter last year, which suggests a negative year over year growth rate of 45.3%. (ATW) is $9.93/share according to the consensus of analysts working on the stock, with an expected EPS of $-0.08/share for the current quarter. About 16.36 million shares traded or 9.21% up from the average.

Atwood Oceanics (NYSE ATW) opened at 10.13 on Tuesday. The business had revenue of $167.71 million for the quarter, compared to the consensus estimate of $130.51 million.

While having a peek at profitability ratios Atwood Oceanics (NYSE:ATW) has trailing twelve month gross margin at 58.2%, its trailing twelve month operating margin stands at 24% whereas its trailing twelve month net profit margin spots at 11.4%.

The company reported an impressive total revenue of 1.02 Billion in the last fiscal year. During the same period in the previous year, the firm earned $1.89 EPS. The firm has "Neutral" rating given on Friday, February 5 by Macquarie Research. DNB Markets raised its rating on Atwood Oceanics, Inc.to Hold on 19/05/2017 in a reversal from its prior Sell rating. Macquarie Research maintained the shares of C in report on Monday, October 19 with "Outperform" rating. This is something that investors look for in all the stocks they are trading and is an important indicator to keep tabs on. Vetr has "Hold" rating and $56.66 target. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The lowest 12-month price target for the shares is $6.50, which would be decrease of about -31% of its current value.

Based on the latest filings with the SEC, investors are looking at Atwood Oceanics, Inc. 846,953 shares of the company's stock were exchanged. The most optimistic analyst sees the stock reaching $15 while the most conventional has $6.5 target price. The company has market cap of $773.54 million.

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -3.73%, and has a poor year to date (YTD) performance of -29.32% which means the stock is constantly subtracting to its value from the previous fiscal year end price. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & worldwide copyright & trademark law. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and global copyright legislation.

Atwood Oceanics, Inc. was upgraded to " by analysts at Raymond James.

A number of hedge funds have recently added to or reduced their stakes in the company. Arizona State Retirement System now owns 39,000 shares of the offshore driller's stock worth $372,000 after buying an additional 8,000 shares in the last quarter.

Now the shares of Atwood Oceanics, Inc. Public Employees Retirement System of OH now owns 19,583 shares of the offshore driller's stock worth $187,000 after buying an additional 1,104 shares during the period. Finally, State Street Corp raised its position in shares of Atwood Oceanics by 25.7% in the first quarter. FMR LLC increased its stake in Atwood Oceanics by 18.0% in the first quarter. Mutual of America Capital Management LLC now owns 242,108 shares of the offshore driller's stock worth $2,307,000 after buying an additional 1,803 shares during the period. Finally, Norges Bank bought a new stake in Atwood Oceanics during the fourth quarter valued at $13,233,000. Ingalls & Snyder LLC now owns 30,125 shares of the offshore driller's stock worth $287,000 after buying an additional 2,200 shares during the period.

Atwood Oceanics, Inc.is an offshore drilling firm 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.