The market has given a consensus “hold” rating to Atwood Oceanics (ATW). Of the 31 analysts covering the stock, only one analyst has given it a “buy” recommendation, 12 analysts have recommended a “sell,” and 18 analysts have a “hold” rating. The stock has a consensus target price of $8.07, which implies an upside potential of 3%.
Receive e-mail alerts for new research on SDRL:
Interested in SDRL?
Don’t miss the next report.
From the start of the year, Atwood’s “buy” recommendations have fallen. In January, out of 31 analysts, seven analysts gave “buy” recommendations. In July, “buy” recommendations fell to five. In October, only three analysts gave the stock a “buy.” And now, in mid-November, only one analyst has given it a “buy” recommendation. From the start of the year, the number of analysts giving “sell” recommendations has risen to 12 from five.
Analysts’ recommendations for other offshore drilling companies (OIH) were as follows: