Atwood Oceanics, Inc. (NYSE: ATW) downgraded to Underweight with price target $18 by Barclays
The Barclays advised against investing in this stock and the price has fallen for a loss. The price fell from $47.87 on 04/08/2014 to $18.92 on 08/13/2015. Barclays downgraded Atwood Oceanics,
Inc. (NYSE: ATW) to Underweight with price target $18 with today's price of $18.92. Barclays rated Atwood Oceanics, Inc. (NYSE: ATW) to Overweight with price target $70 on 04/08/2014, when the price was $47.87. Atwood Oceanics, Inc.'s stock price lost 60% since then. By following the previous Barclays's recommendation on ATW, you would have lost 60% in 492 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.