Somewhat Positive Media Coverage Somewhat Unlikely to Affect Atwood Oceanics (ATW) Share Price

Media coverage about Atwood Oceanics (NYSE:ATW) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Atwood Oceanics earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave media coverage about the offshore driller an impact score of 46.2468437347109 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern’s analysis:

The company has a quick ratio of 7.45, a current ratio of 8.80 and a debt-to-equity ratio of 0.38.

A number of analysts recently commented on ATW shares. Zacks Investment Research cut shares of Atwood Oceanics from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. ValuEngine upgraded shares of Atwood Oceanics from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. TheStreet cut shares of Atwood Oceanics from a “c-” rating to a “d+” rating in a research note on Monday, August 7th. Barclays PLC lowered their target price on shares of Atwood Oceanics from $10.00 to $8.00 and set an “underweight” rating for the company in a research note on Friday, August 11th. Finally, Piper Jaffray Companies set a $10.00 target price on shares of Atwood Oceanics and gave the stock a “hold” rating in a research note on Monday, August 21st. Five investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $11.24.

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About Atwood Oceanics

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.

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