Guggenheim Analysts Begin Coverage on Atwood Oceanics (ATW)

By admin | 6 years ago

Investment analysts at Guggenheim assumed coverage on shares of Atwood Oceanics (NYSE: ATW) in a note issued to investors on Tuesday. The firm set a “neutral” rating on the stock.

Shares of Atwood Oceanics traded down 2.03% during mid-day trading on Tuesday, hitting $39.02. Atwood Oceanics has a 52 week low of $30.64 and a 52 week high of $48.91. The company has a market cap of $2.550 billion and a P/E ratio of 9.58.

Atwood Oceanics last issued its quarterly earnings data on Tuesday, May 1st. The company reported $0.90 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.13. Atwood Oceanics’s revenue was up 7.9% compared to the same quarter last year. On average, analysts predict that Atwood Oceanics will post $1.29 earnings per share next quarter.

A number of other firms have also recently commented on ATW. Analysts at Macquarie upgraded shares of Atwood Oceanics from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, May 16th. Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of Atwood Oceanics from a “market perform” rating to an “underperform” rating in a research note to investors on Monday, April 16th. Finally, analysts at Wells Fargo & Co. (NYSE: WFC) upgraded shares of Atwood Oceanics from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, March 5th.

Atwood Oceanics, Inc., along with its subsidiaries, is engaged in the international offshore drilling and completion of exploratory and developmental oil and gas wells.

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