Actionable news
All posts from Actionable news
Actionable news in ATW: ATWOOD OCEANICS Inc,

Is Atwood Oceanics again a possible takeover target?

Stocks of oilfield services companies have been badly beaten down during the oil and gas downturn. One that has been especially bruised is Atwood Oceanics (ATW) , which could make it a tasty takeover target.

The Houston company's stock price has been cut in half over the last 12 months versus a 33% drop for its industry. The reasons? According to a note from Tudor, Pickering, Holt on Monday, it has a relative lack of near-term contract coverage - four of its...