Tidewater Inc. (NYSE:TDW)’s share price traded down 4.9% during mid-day trading on Tuesday . The company traded as low as $4.66 and last traded at $4.68, with a volume of 509,155 shares traded. The stock had previously closed at $4.92.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Tidewater from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Argus restated a “hold” rating on shares of Tidewater in a research report on Friday, July 8th. Finally, Iberia Capital lowered Tidewater from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $8.00 to $4.00 in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $12.00.

The stock’s market cap is $221.21 million. The company’s 50-day moving average price is $4.80 and its 200 day moving average price is $6.11.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Wednesday, May 25th. The company reported ($1.74) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.59) by $1.15. The business had revenue of $184.17 million for the quarter, compared to analyst estimates of $192.39 million. The company’s revenue was down 43.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts predict that Tidewater Inc. will post ($3.39) earnings per share for the current fiscal year.

Several institutional investors recently made changes to their positions in the stock. Russell Frank Co raised its position in shares of Tidewater by 34.9% in the fourth quarter. Russell Frank Co now owns 1,170,784 shares of the company’s stock valued at $7,982,000 after buying an additional 302,930 shares in the last quarter. Morgan Stanley raised its stake in Tidewater by 36.8% in the fourth quarter. Morgan Stanley now owns 370,204 shares of the company’s stock worth $2,576,000 after buying an additional 99,566 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in Tidewater by 27.1% in the fourth quarter. New York State Common Retirement Fund now owns 226,965 shares of the company’s stock worth $1,580,000 after buying an additional 48,445 shares in the last quarter.

Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil.

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