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Atwood Oceanics, Inc. (ATW) [hlAlert]

Rating:
Buy ATW
down 64.91 %

Atwood Oceanics, Inc. (ATW) rated Buy with price target $34 by UBS

Posted on: Wednesday,  Nov 26, 2008  12:25 PM ET by UBS

UBS rated Buy Atwood Oceanics, Inc. (NYSE: ATW) on 11/26/2008. Previously UBS rated Buy Atwood Oceanics, Inc. (NYSE: ATW) on 05/15/2008.,
when the stock price was $52.10. Since then, Atwood Oceanics, Inc. has lost 64.91% as of 01/11/2016's recent price of $18.28.
If you would have followed the previous UBS's recommendation on ATW, you would have lost 64.91% of your investment in 2797 days.

Atwood Oceanics, Inc., along with its international operating subsidiary, Atwood Oceanics Pacific Limited (AOPL) and related subsidiaries, is engaged in the business of international offshore drilling and completion of exploratory and developmental oil and gas wells, and related support, management and consulting services. As of September 30, 2009, the Company?s worldwide operations included nine offshore mobile drilling units located in five regions of the world: offshore Southeast Asia, offshore Africa, offshore Australia, the Mediterranean Sea and the United States Gulf of Mexico. As of September 30, 2009, the submersible Richmond was the only drilling unit working in the United States waters. As of November 24, 2009, the Company?s wholly owned and operating rig fleet included Atwood Eagle, Atwood Hunter, Atwood Falcon, Atwood Southern Cross, Seahawk, Atwood Aurora, Atwood Beacon, Vicksburg and Richmond.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/26/2008 12:25 PM Buy
None
17.89 34.00
as of 12/24/2008
1 Week up  1.06 %
1 Month up  25.45 %
3 Months up  40.08 %
1 YTD up  27.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/15/2008 9:25 AM Buy
None
52.10 62.50

(*) Stock Price at the time of the recommendation.
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