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A statement released earlier today by Jefferies & Co about Atwood Oceanics (NYSE:ATW) bumps down the target price to $8.00

Just yesterday Atwood Oceanics (NYSE:ATW) traded 3.89% higher at $7.56. Atwood Oceanics’s 50-day moving average is $8.05 and its 200-day moving average is $9.91. The last closing price is down -24.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,710,213 shares of ATW traded hands, down from an average trading volume of 4,181,750

In a report released on 09/28/2016 Jefferies & Co reduced the stock price target of Atwood Oceanics (NYSE:ATW) from $11.00 to $8.00 reporting a possible upside of 0.06%.

Recent Performance Chart

Atwood Oceanics (NYSE:ATW)

Atwood Oceanics has 52 week low of $4.82 and a 52 week high of $19.65 with a PE ratio of 1.18 and has a market capitalization of $0.

In addition to Jefferies & Co reporting its stock price target, a total of 25 brokers have issued a research note on the company. The average stock price target is $9.93 with 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 18 brokers rating the stock a hold, 6 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On Atwood Oceanics (NYSE:ATW)

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. Its Jackup Rigs included Atwood Mako, Atwood Manta, Atwood Aurora, Atwood Beacon and Atwood Orca. The Atwood Mako and Atwood Manta, both approximately 400-foot water depth Pacific Class jackup rigs, are operating offshore Vietnam and offshore Thailand. The Atwood Aurora, an approximately 350-foot water depth jackup, is operating offshore West Africa. The Atwood Beacon, an approximately 400-foot water depth jackup, is operating in the Mediterranean Sea.

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