Shares last traded at $9.32 which is marginally higher than the 50 day moving average which is $8.48 and which is quite a bit higher than the 200 day moving average of $8.20. The 50 day moving average was up $0.84 or +9.92% whereas the 200 day moving average was up $1.12 or +13.70%. 29,578K shares changed hands on Friday. Overall, volume was up 592.90% over the stocks normal daily volume.
Traders are more bullish on shares of Atwood Oceanics, Inc. of late considering the fall in short interest. The company recorded a fall in short interest from September 15, 2017 to September 29, 2017 of -8.57%. Short interest fell from 36,578,181 to 33,444,549 over that period. With short interest at 33,444,549 and short average daily volume at 5,627,613, days to cover is 6.0 and the percentage of shorted shares is 0.42% as of September 29.
These firms have modified their investment in ATW. Cutler Group LP cut its holdings by shedding 300 shares a decrease of 60.0% in the quarter. Cutler Group LP claims 200 shares valued at $0. The total value of its holdings decreased nan%. As of quarter end Louisiana State Employees Retirement System had acquired a total of 2,100 shares growing its holdings by 6.9%. The value of the total investment in Atwood Oceanics, Inc. went from $249,000 to $306,000 increasing 22.9% since the last quarter.
As of the end of the quarter Gemmer Asset Management LLC had bought 93 shares growing its stake by 10.5%. The value of the investment in ATW increased from $7,000 to $9,000 a change of $2,000 for the reporting period. Mutual Of America Capital Management LLC added to its investment by buying 4,397 shares an increase of 1.8% from 06/30/2017 to 09/30/2017. Mutual Of America Capital Management LLC now holds 245,245 shares with a value of $2,303,000. The value of the position overall is up by 17.3%.
On August 11 Barclays maintained a company rating of “Underweight” but raised the price expectation to $8.00 from $6.00.
As of the last earnings report the EPS was $-0.27 and is projected to be $-0.47 for the current year with 80,458,000 shares outstanding. Analysts expect next quarter’s EPS to be $-0.71 and the next full year EPS is projected to be $-2.83.
Atwood Oceanics, Inc., launched on October 9, 1968, is an offshore drilling company. The Company is involved 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. The Business’s Ultra-deepwater Rigs and Deepwater Semisubmersibles include Atwood Achiever, Atwood Archer, Atwood Admiral, Atwood Advantage, Atwood Condor, Atwood Eagle and Atwood Osprey. The Atwood Achiever is an ultra-deepwater drillship, operating offshore Northwest Africa. The Atwood Advantage is an ultra-deepwater drillship, operating in the United States Gulf of Mexico. The Atwood Condor is an ultra-deepwater semisubmersible, operating in the United States Gulf of Mexico. The Atwood Osprey is an ultra-deepwater semisubmersible, and the Atwood Eagle, a deepwater semisubmersible, are both operating offshore Australia. The Atwood Admiral and Atwood Archer are ultra-deepwater drillships operating in water depths over 12,000 feet..