Atwood Oceanics, Inc. ATW 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.
Atwood Oceanics, Inc. Price
Atwood Oceanics, Inc. Price | Atwood Oceanics, Inc. Quote
A better-ranked stock in the Oils-Energy sector is Transmontaigne Partners L.P. TLP , 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
4 Surprising Tech Stocks to Keep an Eye On
Tech stocks have been a major force behind the market's record highs, but picking the best ones to buy can be tough. There's a simple way to invest in the success of the entire sector. Zacks has just released a Special Report revealing one thing tech companies literally cannot function without. More importantly, it reveals 4 top stocks set to skyrocket on increasing demand for these devices. I encourage you to get the report now - before the next wave of innovations really take off. See Stocks Now>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Atwood Oceanics, Inc. (ATW): Free Stock Analysis Report TransMontaigne Partners L.P. (TLP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research