Lucus Advisors LLC lowered its position in Atwood Oceanics Inc. (NYSE:ATW) by 52.9% during the second quarter, Holdings Channel reports. The fund owned 27,649 shares of the company’s stock after selling 31,073 shares during the period. Lucus Advisors LLC’s holdings in Atwood Oceanics were worth $346,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of ATW. Capstone Asset Management Co. raised its stake in Atwood Oceanics by 0.5% in the second quarter. Capstone Asset Management Co. now owns 29,989 shares of the company’s stock worth $375,000 after buying an additional 160 shares during the last quarter. Arizona State Retirement System raised its stake in Atwood Oceanics by 8.3% in the first quarter. Arizona State Retirement System now owns 29,900 shares of the company’s stock worth $274,000 after buying an additional 2,287 shares during the last quarter. New York State Teachers Retirement System raised its stake in Atwood Oceanics by 3.8% in the second quarter. New York State Teachers Retirement System now owns 157,895 shares of the company’s stock worth $1,977,000 after buying an additional 5,800 shares during the last quarter. Mount Lucas Management LP raised its stake in Atwood Oceanics by 11.1% in the first quarter. Mount Lucas Management LP now owns 70,162 shares of the company’s stock worth $643,000 after buying an additional 7,006 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Atwood Oceanics by 81.4% in the second quarter. BNP Paribas Arbitrage SA now owns 22,940 shares of the company’s stock worth $287,000 after buying an additional 10,294 shares during the last quarter.
Atwood Oceanics Inc. (NYSE:ATW) traded up 1.40% during trading on Friday, reaching $8.69. The company had a trading volume of 4,770,229 shares. Atwood Oceanics Inc. has a one year low of $4.82 and a one year high of $19.65. The company has a market capitalization of $563.11 million, a PE ratio of 1.37 and a beta of 2.23. The firm’s 50 day moving average is $7.91 and its 200 day moving average is $9.89.
Atwood Oceanics (NYSE:ATW) last released its quarterly earnings results on Monday, August 1st. The company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.63. Atwood Oceanics had a return on equity of 13.79% and a net margin of 34.45%. The business earned $227.80 million during the quarter, compared to analyst estimates of $232.74 million. During the same quarter in the previous year, the company posted $1.73 earnings per share. Atwood Oceanics’s revenue for the quarter was down 31.1% on a year-over-year basis. On average, equities research analysts predict that Atwood Oceanics Inc. will post $4.70 earnings per share for the current year.
A number of research firms recently commented on ATW. Morgan Stanley set a $19.00 price target on Atwood Oceanics and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Jefferies Group reissued a “hold” rating on shares of Atwood Oceanics in a research report on Thursday, August 11th. Citigroup Inc. lowered their price target on Atwood Oceanics from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, July 28th. Deutsche Bank AG upped their price objective on Atwood Oceanics from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Finally, Stephens restated an “overweight” rating and issued a $16.00 price objective on shares of Atwood Oceanics in a research note on Monday, August 1st. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Atwood Oceanics has an average rating of “Hold” and an average target price of $10.64.
Atwood Oceanics Company Profile
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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