Challenges And Opportunities For Atwood Oceanics, Inc. (ATW), BB&T Corporation (BBT)

Lawrence Kim
July 18, 2017

COPYRIGHT VIOLATION NOTICE: "Parametric Portfolio Associates LLC Has $6.86 Million Position in Atwood Oceanics, Inc".

Among 29 analysts covering Atwood Oceanics (NYSE:ATW), 5 have Buy rating, 4 Sell and 20 Hold. 9,875,230 shares of the stock traded hands. Swiss National Bank owned about 0.15% of Atwood Oceanics worth $1,179,000 at the end of the most recent quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Everence Capital Management Inc. purchased a new position in shares of Atwood Oceanics during the first quarter valued at approximately $104,000. Vanguard Group Inc. increased its position in Atwood Oceanics by 24.8% in the first quarter. Dimensional Fund Advisors LP boosted its position in Atwood Oceanics by 92.4% in the first quarter. Marshall Wace LLP increased its stake in shares of Atwood Oceanics by 116.3% in the fourth quarter. Eqis Capital Management Inc. now owns 17,121 shares of the offshore driller's stock worth $163,000 after buying an additional 3,416 shares in the last quarter. Comerica Bank now owns 64,024 shares of the offshore driller's stock worth $887,000 after buying an additional 3,619 shares during the period. Comerica Bank now owns 64,024 shares of the offshore driller's stock worth $887,000 after buying an additional 3,619 shares during the last quarter. However, if the ATW shares go below $7.59 then it would indicate a much weaker market for the company. The firm has a market cap of $632.88 million, a PE ratio of 6.35 and a beta of 2.37.

While looking at the Stock's Performance, Atwood Oceanics, Inc. now shows a Weekly Performance of 5.22%, where Monthly Performance is -15.85%, Quarterly performance is -3.08%, 6 Months performance is -44.06% and yearly performance percentage is -34.28%. The stock is trading at $7.86 which is slightly below $8.92, the 50 day moving average and just below the 200 day moving average of $10.26.

Van Den Berg Management I Inc increased its stake in Atwood Oceanics Inc (ATW) by 11.53% based on its latest 2016Q4 regulatory filing with the SEC.

So the company lags the analysts estimate by $-0.01/share showing a surprise of -4.2%.

According to Yahoo Finance, The Dividend Date for Atwood Oceanics is Jan 13, 2016 and its Ex-Dividend Date is Jan 4, 2016.

In case of Revenue Estimates, 15 analysts have provided their consensus Average Revenue Estimates for Atwood Oceanics, Inc.as 123.56 Million. During the same quarter in the previous year, the company earned $1.89 EPS.

More important recent Atwood Oceanics, Inc. On average, equities research analysts anticipate that Atwood Oceanics, Inc. will post ($0.29) earnings per share for the current fiscal year.

WARNING: This story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/07/15/swiss-national-bank-has-1-18-million-position-in-atwood-oceanics-inc-nyseatw-updated.html. (NYSE:ATW). Sterling Capital Mngmt Ltd Liability Corporation reported 0.01% stake. Jefferies Group LLC set a $11.00 price target on shares of Atwood Oceanics and gave the stock a "hold" rating in a report on Wednesday, March 22nd. ValuEngine upgraded shares of Atwood Oceanics from a "hold" rating to a "buy" rating in a report on Friday, June 2nd. Zacks Investment Research cut shares of Atwood Oceanics from a "buy" rating to a "hold" rating in a research report on Thursday.

Zacks Investment Research upgraded shares of Atwood Oceanics, Inc. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company.

News articles about Atwood Oceanics (NYSE:ATW) have trended positive on Sunday, Accern Sentiment Analysis reports.

Atwood Oceanics, Inc.is an offshore drilling firm engaged in the drilling and completion of exploration and development wells for the global gas and oil industry.

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