Atwood Oceanics prce target raised to $60 from $51 at Stephens Stephens increased its target on Atwood after the company reported stronger than expected Q1 results. The firm thinks that the company's operational trend continues to be positive, but it maintains an Equal Weight rating on the shares.
News For ATW From The Last 14 Days
Check below for free stories on ATW the last two weeks.
Atwood Oceanics announces 2M share repurchase plan Atwood Oceanics (ATW) announced that the company had agreed to repurchase 2M shares of its common stock from Helmerich & Payne International Drilling Co. (HP) at a discount to the closing market price of the common stock. Following the repurchase, the company will cancel the shares. The transaction is expected to close on June 13. H&P advised the company that H&P is selling an additional 2M shares of the company's common stock in a block sale to a financial institution. Subsequent to the closing of these sales transactions and cancellation of the shares purchased by the company, H&P will own 4M shares of the company, or approximately 6.3% of the company's outstanding shares.