Market Overview

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

Related ATW
Mid-Afternoon Market Update: Hackett Group Rises Following Strong Results; Boot Barn Shares Dip
Previewing The Unpromising Q3 For Oilfield Services
5-Year Lows: 3D Systems Corp., Atwood Oceanics, Seacor Holdings, Rent-A-Center Inc. (GuruFocus)

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

Nov 2015Guggenheim SecuritiesUpgradesNeutralBuy
Oct 2015Clarksons PlatouDowngradesBuyNeutral
Oct 2015MacquarieMaintainsNeutral

View More Analyst Ratings for ATW
View the Latest Analyst Ratings

Posted-In: Global Hunter SecuritiesAnalyst Color Reiteration Analyst Ratings


Related Articles (ATW)

View Comments and Join the Discussion!

Get Benzinga's Newsletters