Canaccord Genuity Maintains a 'Buy' on Atwood Oceanics (ATW); Nice Quarter, Positive Trends

Canaccord Genuity maintains a 'Buy' on Atwood Oceanics (NYSE: ATW) price target lowered from $59 to $55.

Canaccord analyst, Scott Burk, said, "ATW beat FQ4 consensus and our expectations with lower expenses, adding to our 2012E EPS...We still see ATW as the best EPS growth story in our coverage...We are lowering our 2013 estimates after making adjustments to day rate and operating cost assumptions that reduce 2013E EPS to $5.23."

For an analyst ratings summary and ratings history on Atwood Oceanics click here. For more ratings news on Atwood Oceanics click here.

Shares of Atwood Oceanics closed at $41.66 yesterday.

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