S&P Lowers Outlook on Atwood Oceanics (ATW) to Negative

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KLR Cuts Estimates, PT on Atwood Oceanics (ATW) over Debt Concerns

January 5, 2016 7:16 AM EST

KLR Analyst, Darren Gacicia, reduced estimates and his price target on Atwood Oceanics (NYSE: ATW) to $10 from $12.50 to reflect higher contracting and greater credit risk. No change to the Hold rating.

The announcement of the newbuild delivery delay sent a negative signal regarding... More