Canaccord Genuity Maintains a 'Buy' on Atwood Oceanics (ATW); 2014E EPS Illustrate Growth Profile
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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
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) price target of $55.00.
Analyst, Scott Burk, said, "ATW results were in line, but we are increasing our DD&A assumptions and lowering our 2012/13 EPS estimates (revenue and EBITDA remain relatively unchanged)...We are rolling out 2014 EPS/EBITDA estimates of $6.02/$632.8M to better illustrate the company's growth profile. Our 2014 estimates have some potential upside if day rates continue to improve, and 2015 estimates would increase another ~$1.00/sh from a full-year impact of the Achiever."
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 $46.28 yesterday.
Analyst, Scott Burk, said, "ATW results were in line, but we are increasing our DD&A assumptions and lowering our 2012/13 EPS estimates (revenue and EBITDA remain relatively unchanged)...We are rolling out 2014 EPS/EBITDA estimates of $6.02/$632.8M to better illustrate the company's growth profile. Our 2014 estimates have some potential upside if day rates continue to improve, and 2015 estimates would increase another ~$1.00/sh from a full-year impact of the Achiever."
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 $46.28 yesterday.
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