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Atwood Oceanics (ATW) in Focus: Stock Moves 13.81% Higher
August 30, 2017

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Atwood Oceanics, Inc. was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $6.04 to $7.86 in the past one-month time frame.

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also widened over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Atwood Oceanics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative. 

A better-ranked stock in the Oils-Energy sector is Transmontaigne Partners L.P. (TLP - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is ATW going up? Or down? Predict to see what others think: Up or Down

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