Atwood Oceanics (ATW) Given News Sentiment Score of 0.13

News headlines about Atwood Oceanics (NYSE:ATW) have been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. 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 0.13 on Accern’s scale. Accern also gave press coverage about the offshore driller an impact score of 44.5688350197133 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have impacted Accern Sentiment’s rankings:

Shares of Atwood Oceanics (NYSE:ATW) traded up 2.50% during midday trading on Tuesday, reaching $7.37. 1,498,868 shares of the company’s stock traded hands. Atwood Oceanics has a 52 week low of $5.91 and a 52 week high of $15.37. The stock’s 50 day moving average is $7.02 and its 200-day moving average is $8.34. The company’s market capitalization is $592.98 million.

Atwood Oceanics (NYSE:ATW) last released 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. The firm had revenue of $117.20 million during the quarter, compared to analysts’ expectations of $125.89 million. Atwood Oceanics had a positive return on equity of 2.25% and a negative net margin of 3.06%. Atwood Oceanics’s revenue was down 48.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.53 earnings per share. On average, analysts forecast that Atwood Oceanics will post ($0.50) earnings per share for the current fiscal year.

ATW has been the subject of several analyst reports. Zacks Investment Research raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Wednesday, July 12th. ValuEngine raised shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. TheStreet lowered shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research report on Monday, August 7th. Jefferies Group LLC set a $10.00 price objective on shares of Atwood Oceanics and gave the company a “hold” rating in a research report on Monday, June 19th. Finally, DNB Markets raised shares of Atwood Oceanics from a “sell” rating to a “hold” rating in a research note on Friday, May 19th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Atwood Oceanics has an average rating of “Hold” and an average target price of $11.40.

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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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