Exclusive: Atwood Oceanics Inc (NYSE:ATW) Institutional Investor Positioning

November 30, 2016 - By Darrin Black   ·   0 Comments

Exclusive: Atwood Oceanics Inc (NYSE:ATW) Institutional Investor Positioning

Sentiment for Atwood Oceanics Inc (NYSE:ATW)

Atwood Oceanics Inc (NYSE:ATW) institutional sentiment increased to 1.1 in Q2 2016. Its up 0.25, from 0.85 in 2016Q1. The ratio has increased, as 88 funds started new and increased stock positions, while 103 sold and decreased their holdings in Atwood Oceanics Inc. The funds in our partner’s database now hold: 71.30 million shares, down from 72.22 million shares in 2016Q1. Also, the number of funds holding Atwood Oceanics Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 33 Reduced: 70 Increased: 63 New Position: 25.

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 company has a market cap of $578.74 million. The Firm owns various types of drilling rigs, such as Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups. It has a 2.3 P/E ratio. 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.

About 5.55 million shares traded hands or 42.31% up from the average. Atwood Oceanics, Inc. (NYSE:ATW) has declined 16.99% since April 27, 2016 and is downtrending. It has underperformed by 22.21% the S&P500.

Analysts await Atwood Oceanics, Inc. (NYSE:ATW) to report earnings on February, 7. They expect $0.20 earnings per share, down 84.85% or $1.12 from last year’s $1.32 per share. ATW’s profit will be $12.30M for 11.76 P/E if the $0.20 EPS becomes a reality. After $0.63 actual earnings per share reported by Atwood Oceanics, Inc. for the previous quarter, Wall Street now forecasts -68.25% negative EPS growth.

According to Zacks Investment Research, “Atwood Oceanics, Inc., its international operating subsidiary, Atwood Oceanics Pacific Limited and related subsidiaries are engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells as well as related support, management, and consulting services. Enhancing shareholder value through safe, quality operations is at the core of all of the Atwood Group’s activities.”

Robotti Robert holds 5.53% of its portfolio in Atwood Oceanics, Inc. for 1.23 million shares. Zpr Investment Management owns 200,520 shares or 4.75% of their US portfolio. Moreover, Key Group Holdings (Cayman) Ltd. has 3.06% invested in the company for 2.80 million shares. The Texas-based Van Den Berg Management I Inc has invested 2.63% in the stock. Geosphere Capital Management, a New York-based fund reported 103,440 shares.#img1#

Atwood Oceanics, Inc. (NYSE:ATW) Ratings Coverage

Ratings analysis reveals 8% of Atwood Oceanics’s analysts are positive. Out of 25 Wall Street analysts rating Atwood Oceanics, 2 give it “Buy”, 5 “Sell” rating, while 18 recommend “Hold”. The lowest target is $5 while the high is $39. The stock’s average target of $9.47 is 0.64% above today’s ($9.41) share price. ATW was included in 58 notes of analysts from August 3, 2015. The stock of Atwood Oceanics, Inc. (NYSE:ATW) earned “Sector Perform” rating by RBC Capital Markets on Thursday, February 4. On Friday, September 4 the stock rating was maintained by Credit Suisse with “Neutral”. On Friday, February 5 the stock rating was maintained by Macquarie Research with “Neutral”. Barclays Capital downgraded the stock to “Underweight” rating in Monday, March 28 report. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Underperform” rating given on Wednesday, September 14 by Raymond James. The stock has “Buy” rating given by KLR Group on Tuesday, May 31. The stock has “Hold” rating given by Johnson Rice on Monday, June 13. Macquarie Research maintained Atwood Oceanics, Inc. (NYSE:ATW) rating on Wednesday, September 9. Macquarie Research has “Neutral” rating and $17 price target. The rating was downgraded by Iberia Capital Partners to “Sector Perform” on Wednesday, November 16. The stock of Atwood Oceanics, Inc. (NYSE:ATW) has “Equal-Weight” rating given on Wednesday, October 26 by Morgan Stanley.

ATW Company Profile

Atwood Oceanics, Inc., incorporated on October 9, 1968, is an offshore drilling company. The Firm is 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. 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. The Atwood Achiever is an ultra-deepwater drillship, operating offshore Northwest Africa. The Atwood Advantage is an ultra-deepwater drillship, operating in the United States Gulf of Mexico. The Atwood Condor is an ultra-deepwater semisubmersible, operating in the United States Gulf of Mexico. The Atwood Osprey is an ultra-deepwater semisubmersible, and the Atwood Eagle, a deepwater semisubmersible, are both operating offshore Australia. The Atwood Admiral and Atwood Archer are ultra-deepwater drillships operating in water depths over 12,000 feet.

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