Brokerage Recommendations on Rating: Atwood Oceanics, Inc. (NYSE:ATW)

Atwood Oceanics, Inc. (NYSE:ATW) fell -3.89% during previous trade. Scotia Howard Weil issued rating on the stock of Atwood Oceanics, Inc. (NYSE:ATW) in a research note issued to investors on Sep-14-16, the stock received “Resumed” rating from Sector Perform. Additionally Raymond James issued their verdict on the stock of the company, on record date of Sep-14-16 the stock was “Downgraded” from Mkt Perform to Underperform besides that on Aug-12-16 Atwood Oceanics, Inc. (NYSE:ATW) was “Reiterated” by RBC Capital Mkts from Sector Perform from $14 to $11. Furthermore on Aug-03-16 the stock was “Reiterated” by Deutsche Bank as Buy from $11 to $15.

Atwood Oceanics, Inc. (NYSE:ATW) shares ended last trading session at the price of $6.91 whereas a number of traders indicating mean target price will hit $10.19 over the next twelve months, mean value of price target most recently revised on 08/19/16. Atwood Oceanics, Inc. (NYSE:ATW)’s highest estimates of price target are $19.00 and low forecast is $5.00 based on the opinion of 24 analysts. The price target estimates represents a standard deviation of 4.31. However brokerage recommendations suggests an ABR of 3.42 based on calls of 12 experts, where 2 brokers polls the stock a Strong Buy, 0 suggest the stock a Buy, 5 suggest Hold, 1 are rating the stock as Sell while 4 as Strong Sell.

Atwood Oceanics, Inc. (NYSE:ATW) is expected to release the earnings of its current quarter on 11/14/16. The company is expected to release $0.65 EPS for current quarter according to 24 analysts whereas the company reported $2.32 EPS during same quarter a year ago. For the current quarter the stock has a lowest EPS estimates of $-0.72 and high estimate of $3.31. For the current year Atwood Oceanics, Inc. (NYSE:ATW) has set to release EPS of $4.68 as per the sentiments of 20 analysts, however according to 28 analysts, the company expected to release $-0.5 EPS for next year.

Atwood Oceanics, Inc. (NYSE:ATW)’s average revenue estimates for the current quarter are $195.53M according to 20 number of analysts. However its lowest revenue estimates are $185.3M and highest revenue estimates is $218M. A year ago the company’s sales were $363.18M. Its yearly sales growth estimates are -46.20%. For the next quarter the company has anticipated average revenues of $158.55M, according to the sentiments of 14 analysts. For the current year the company has fixed $ 1.03B revenues, as per the opinion of 26 analysts. For the current year the company has low revenue estimates of $1.04B in contradiction of high revenue estimates of $1.4B. Whereas for the next year revenues are set at $ 536.3M by 26 analysts.

The stock exchanged hands 3.39M shares versus average trading capacity of 3.95M shares, while its shares’ total market worth is $423.61M along with 64.80M outstanding shares. Atwood Oceanics, Inc. (NYSE:ATW) shares were trading -64.57% below from the 52-week high price mark of $19.51 and 43.36% above from the 52-week price bottom of $4.02. However the company observed 52 week high price on 11/10/15 and witnessed 52 week low price on 02/03/16. The company’s price sits -30.76% below from its 50-day moving average of $8.95 and -29.02% away from the stock’s 200-day moving average which is $10.02. Atwood Oceanics, Inc. (NYSE:ATW)’s price to sales ratio for trailing twelve month stands at 0.41, whereas its price to book ratio for most recent quarter sits at 0.14. However the company’s price to cash per share for most recent quarter stands at 2.48. Its price to free cash flow for trailing twelve months is 1.34.

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