Market Overview

UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Atwood Oceanics

Related ATW
Pacific Drilling, Seadrill Downgraded At Credit Suisse; Notes Drilling Recovery Delayed Until At Least 2018
Benzinga's Top Downgrades
The Vetr community has downgraded $ATW to 3-Stars (Vetr)

In a report published Monday, Jefferies & Company reiterated its Buy rating on Atwood Oceanics (NYSE: ATW), but lowered its price target from $58.00 to $56.00.

Jefferies noted, “With the decks on FY13 cleared at a time when the focus for the group becomes a 'scrub down' of next year estimates (and therefore the opportunity for companies' guidance to disappoint), ATW provides us with a level of comfort not seen elsewhere. Although guidance pushes EPS lower, on an EBITDA level it is largely unchanged, and ATW's strong operational track record suggests a reasonable chance of exceeding these reset expectations.”

Atwood Oceanics closed on Friday at $46.37.

Latest Ratings for ATW

Oct 2015MacquarieMaintainsNeutral
Sep 2015Deutsche BankMaintainsHold
Sep 2015MacquarieMaintainsNeutral

View More Analyst Ratings for ATW
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings


Related Articles (ATW)

Get Benzinga's Newsletters