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Enter Symbol:
Rating: ATW
Neutral $18
down 62.00 %

Atwood Oceanics, Inc. (NYSE: ATW) downgraded to Neutral with price target $18 by Global Hunter Securities

Friday,  Aug 21, 2015  10:25 AM ET by Betsy O'Brien Harrison

Global Hunter Securities downgraded Atwood Oceanics, Inc. (NYSE: ATW) to Neutral with price target $18. Previously Global Hunter Securities downgraded to Atwood Oceanics, Inc. (NYSE: ATW) to
Buy with price target $56 on 11/19/2012, when the stock price was $45.49. Since then, Atwood Oceanics, Inc.'s stock price has lost 62% as of 08/21/2015's recent price of $17.10.
If you would have followed the previous Global Hunter Securities's recommendation on ATW, you would have lost 62% of your investment in 1005 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.

Global Hunter Securities uses a disciplined quantitative and qualitative approach, our analysts are focused on covering small-cap companies with unique value and above average growth, primarily in the following sectors: Consumer, Energy, Healthcare, Industrial, Services and Technology. Additionally, Global Hunter Securities has analysts specifically focused on Special Situations and International opportunities. Global Hunter Securities' analysts maintain strong relationships and ongoing dialogue with management teams and industry professionals to ensure propitious access to information.

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