News coverage about Atwood Oceanics (NYSE:ATW) has been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Atwood Oceanics earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media headlines about the offshore driller an impact score of 47.0629366680536 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several equities research analysts have recently issued reports on the company. Barclays reduced their target price on Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Friday, August 11th. ValuEngine cut Atwood Oceanics from a “buy” rating to a “hold” rating in a report on Thursday, September 28th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.00 target price on shares of Atwood Oceanics in a report on Tuesday, September 19th. Zacks Investment Research cut Atwood Oceanics from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Finally, Jefferies Group set a $10.00 target price on Atwood Oceanics and gave the stock a “hold” rating in a report on Thursday, October 5th. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $11.31.
Atwood Oceanics (NYSE:ATW) opened at $9.32 on Friday. Atwood Oceanics has a 12-month low of $5.91 and a 12-month high of $15.37. The company has a debt-to-equity ratio of 0.38, a quick ratio of 7.45 and a current ratio of 8.80.
ILLEGAL ACTIVITY NOTICE: This article was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/08/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-atwood-oceanics-atw-stock-price.html.
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.
Receive News & Ratings for Atwood Oceanics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atwood Oceanics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.