News coverage about Atwood Oceanics (NYSE:ATW) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atwood Oceanics earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the offshore driller an impact score of 46.2112226924286 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Atwood Oceanics, Inc. (ATW) stock price of $8.18 - Stocks Gallery (stocksgallery.com)
- Overview of Different Indicators: Atwood Oceanics, Inc. (ATW), Whiting Petroleum Corporation (WLL) - AllStockNews (allstocknews.com)
- How These Oil and Gas Stocks are Performing? — Patterson UTI Energy, Antero Resources, Atwood Oceanics, and … - PR Newswire (press release) (prnewswire.com)
- Atwood Oceanics, Inc. (ATW) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- -$0.06 Earnings Per Share Expected for Atwood Oceanics, Inc. (NYSE:ATW) This Quarter (americanbankingnews.com)
Several research firms have recently issued reports on ATW. Jefferies Group LLC set a $10.00 price target on Atwood Oceanics and gave the stock a “hold” rating in a research report on Wednesday, May 17th. Zacks Investment Research lowered Atwood Oceanics from a “buy” rating to a “hold” rating in a research report on Monday. ValuEngine upgraded Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Seaport Global Securities upgraded Atwood Oceanics from a “sell” rating to a “neutral” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies lowered Atwood Oceanics from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $10.00 in a research report on Monday, June 19th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $11.67.
Shares of Atwood Oceanics (NYSE ATW) opened at 7.97 on Thursday. Atwood Oceanics has a one year low of $6.12 and a one year high of $15.37. The stock has a 50 day moving average price of $8.41 and a 200-day moving average price of $9.55. The company has a market capitalization of $641.74 million, a price-to-earnings ratio of 6.44 and a beta of 2.37.
Atwood Oceanics (NYSE:ATW) last issued its quarterly earnings results on Monday, May 8th. The offshore driller reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.66. Atwood Oceanics had a net margin of 11.40% and a return on equity of 4.35%. The company had revenue of $167.71 million during the quarter, compared to analyst estimates of $130.51 million. During the same quarter last year, the business posted $1.89 EPS. Atwood Oceanics’s quarterly revenue was down 43.4% compared to the same quarter last year. On average, equities research analysts expect that Atwood Oceanics will post ($0.27) EPS for the current year.
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About Atwood Oceanics
Atwood Oceanics, Inc is an offshore drilling company engaged in the drilling and completion of exploration and development wells for the global oil and gas industry. The Company owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. Its Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey.
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