Canaccord Genuity Maintains a 'Buy' on Atwood Oceanics (ATW); Solid Quarter

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May 5, 2011 11:29 AM EDT
Get Alerts ATW Hot Sheet
Price: $9.32 --0%

Rating Summary:
    5 Buy, 16 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Canaccord Genuity maintains a 'Buy' on Atwood Oceanics (NYSE: ATW), PT $57.

Canaccord analyst says, "Atwood reported clean fiscal Q2 (March) EPS of $1.08, ahead of our $1.05 and consensus $1.02. Upside was driven by higher revenues and lower operating expenses. We continue to favor the company's improving fleet and earnings growth prospects. We maintain our rating and recommend investors build positions on continued pullbacks in the group."

For more ratings news on Atwood Oceanics click here and for the rating history of Atwood Oceanics click here.

Shares of Atwood Oceanics closed at $41.23 yesterday.

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