Atwood Oceanics, Inc. (ATW) Stake Lifted by ARP Americas LLC

ARP Americas LLC lifted its position in shares of Atwood Oceanics, Inc. (NYSE:ATW) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,088 shares of the offshore driller’s stock after acquiring an additional 34,094 shares during the quarter. Atwood Oceanics accounts for approximately 0.8% of ARP Americas LLC’s portfolio, making the stock its 25th largest holding. ARP Americas LLC owned about 0.32% of Atwood Oceanics worth $2,395,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of ATW. Swiss National Bank increased its stake in shares of Atwood Oceanics by 19.2% during the first quarter. Swiss National Bank now owns 123,750 shares of the offshore driller’s stock worth $1,179,000 after acquiring an additional 19,900 shares during the period. Alliancebernstein L.P. increased its stake in shares of Atwood Oceanics by 2.3% during the first quarter. Alliancebernstein L.P. now owns 102,800 shares of the offshore driller’s stock worth $980,000 after acquiring an additional 2,300 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Atwood Oceanics by 20.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 16,640 shares of the offshore driller’s stock worth $159,000 after acquiring an additional 2,880 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Atwood Oceanics by 53.7% during the first quarter. OppenheimerFunds Inc. now owns 69,656 shares of the offshore driller’s stock worth $663,000 after acquiring an additional 24,335 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of Atwood Oceanics by 26.3% during the first quarter. Principal Financial Group Inc. now owns 642,056 shares of the offshore driller’s stock worth $6,119,000 after acquiring an additional 133,671 shares during the period. Institutional investors and hedge funds own 91.97% of the company’s stock.

A number of research analysts have recently issued reports on ATW shares. Zacks Investment Research upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 price target on the stock in a research note on Wednesday, July 12th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet lowered shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research note on Monday, August 7th. Barclays PLC dropped their price target on shares of Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $10.00 price target on shares of Atwood Oceanics and gave the stock a “hold” rating in a research note on Monday, August 21st. Five research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Atwood Oceanics has a consensus rating of “Hold” and a consensus target price of $11.24.

Atwood Oceanics (NYSE:ATW) last announced its quarterly earnings data on Thursday, August 3rd. The offshore driller reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Atwood Oceanics had a negative net margin of 3.71% and a negative return on equity of 0.51%. The company had revenue of $117.20 million for the quarter, compared to analysts’ expectations of $125.89 million. During the same quarter in the previous year, the company posted $1.53 EPS. The business’s revenue was down 48.6% compared to the same quarter last 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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Institutional Ownership by Quarter for Atwood Oceanics (NYSE:ATW)

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