Atwood Oceanics, Inc. (NYSE:ATW)’s Company Shares Decreased 12.37% After Low Volatility

The shares of Atwood Oceanics, Inc. (NYSE:ATW) decreased by 12.37% in the last 20 days and lost 5.54% in the past 5 trading sessions. Atwood Oceanics, Inc. (NYSE:ATW) shares opened at $8.38 in the last session and had intraday high of $8.52 and low of $7.94 for a lower than normal intra-day volatility. Stock trading is easier when the volatility profile is such.

About 2.27M shares traded hands. Atwood Oceanics, Inc. (ATW) has declined 56.25% since August 31, 2015 and is downtrending. It has underperformed by 61.04% the S&P500.

Analysts await Atwood Oceanics, Inc. (NYSE:ATW) to reports earnings on May, 4. They expect $1.50 earnings per share, down 23.86% or $0.47 from last year’s $1.97 per share. ATW’s profit will be $97.86 million for 1.27 P/E if the $1.50 EPS becomes reality. After $1.32 actual earnings per share reported by Atwood Oceanics, Inc. for the previous quarter, Wall Street now forecasts 13.64% EPS growth.

The institutional sentiment decreased to 0.93 in Q3 2015. Its down 0.30, from 1.23 in 2015Q2. The ratio turned negative, as 43 funds sold all Atwood Oceanics, Inc. shares owned while 89 reduced positions. 27 funds bought stakes while 96 increased positions. They now own 83.56 million shares or 16.52% more from 71.71 million shares in 2015Q2.

Zpr Investment Management holds 3.24% of its portfolio in Atwood Oceanics, Inc. for 179,427 shares. Key Group Holdings (Cayman) Ltd. owns 2.69 million shares or 2.89% of their US portfolio. Moreover, Van Den Berg Management I Inc has 2.28% invested in the company for 1.20 million shares. The New York-based Robotti Robert has invested 1.26% in the stock. Breithorn Capital Management, a New York-based fund reported 102,460 shares.

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.”

Atwood Oceanics, Inc. is a global offshore drilling contractor engaged in the drilling and completion of exploratory and developmental gas and oil wells. The company has a market cap of $498.41 million. The Firm has a fleet of approximately 13 mobile offshore drilling units located around the world. It has 1.17 P/E ratio. The Company’s fleet includes Ultra-Deepwater Rigs, Deepwater Semisubmersibles and Jackups.

Atwood Oceanics, Inc. - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with’s FREE daily email newsletter.

Add Comment