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3. Atwood Oceanics(ATW) engages in offshore drilling and provides support and consulting services to other oil and gas explorers.

Quarter: Fiscal first-quarter profit decreased 15% to $67 million, or $1.03 a share, as revenue declined 0.8% to $164 million. The operating margin narrowed from 56% to 50%. Atwood Oceanics holds $187 million of cash and $275 million of debt.

Stock: Atwood Oceanics has nearly doubled in the past year, outperforming U.S. indices. The stock trades at a price-to-projected-earnings ratio of 7.5 and a price-to-book ratio of 1.9, reflecting 65% and 28% discounts to peer-group averages.

Consensus: Of analysts covering Atwood Oceanics, six advise purchasing its shares, 10 recommend holding and two suggest selling them. C.K. Cooper & Co. offers the loftiest price target, expecting the stock to advance another 81% to $62.

 

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