Market Overview

Global Hunter Securities Reiterates Buy Rating, $54 PT on Atwood Oceanics

Share:
Related ATW
Goldman On Oil: Upgrading Emerge Energy Services, Downgrading Atwood Oceanics
Morgan Stanley: Here's How To Play Upstream Oil
Patterson-UTI Energy's (PTEN) Rig Count Decreases to 113 - Analyst Blog (Zacks)

In a report published Friday, Global Hunter Securities reiterated its Buy rating and $54.00 price target on Atwood Oceanics (NYSE: ATW).

Global Hunter noted, “The stock remains one of our favorite core fundamentals longs. The company continues to execute at the top of its peer group and fully funded fleet growth should materially change the earnings profile of the company beginning in 2013 but more dramatically felt in 2014 and 2015. With just modest revisions to our estimates we are maintaining our Buy rating and $54 price target, which applies a ~10x multiple to our CY 2013 EPS estimate of $5.44.”

Atwood Oceanics closed on Thursday at $43.59.

Latest Ratings for ATW

DateFirmActionFromTo
Jun 2015JefferiesMaintainsBuy
Jun 2015BarclaysInitiates Coverage onEqual-weight
May 2015JefferiesMaintainsBuy

View More Analyst Ratings for ATW
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Reiteration Analyst Ratings

 

Related Articles (ATW)

Around the Web, We're Loving...

Get Benzinga's Newsletters