News stories about Atwood Oceanics (NYSE:ATW) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. 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 media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the offshore driller an impact score of 45.2574647734595 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- ATWOOD OCEANICS : SHAREHOLDERS APPROVE MERGER (4-traders.com)
- Updates on Ensco’s Acquisition of Atwood Oceanics (finance.yahoo.com)
- Ensco (ESV) Acquires Atwood Oceanics, Broadens Customer Base – Nasdaq (nasdaq.com)
- Ensco PLC Downgraded To ‘B+’ On Atwood Oceanics Inc. Acquisition; Outlook Negative; Undecured Debt Rating Also Lowered (thaipr.net)
A number of brokerages have recently commented on ATW. Zacks Investment Research cut shares of Atwood Oceanics from a “hold” rating to a “sell” rating in a research note on Friday, October 6th. Jefferies Group LLC set a $10.00 price target on shares of Atwood Oceanics and gave the company a “hold” rating in a research note on Thursday, October 5th. ValuEngine cut shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Piper Jaffray Companies reissued a “hold” rating and issued a $9.00 price target on shares of Atwood Oceanics in a research note on Tuesday, September 19th. Finally, Citigroup Inc. reissued a “neutral” rating on shares of Atwood Oceanics in a research note on Thursday, August 31st. Five analysts have rated the stock with a sell rating, fifteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Atwood Oceanics presently has an average rating of “Hold” and a consensus price target of $11.67.
Atwood Oceanics (NYSE:ATW) last announced its earnings results on Thursday, August 3rd. The offshore driller reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The business had revenue of $117.20 million for the quarter, compared to the consensus estimate of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. The company’s revenue was down 48.6% on a year-over-year basis. During the same period last year, the business posted $1.53 EPS.
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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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