Tidewater Inc. (NYSE:TDW)’s share price was down 4.4% during mid-day trading on Wednesday . The stock traded as low as $3.21 and last traded at $3.25, with a volume of 545,344 shares trading hands. The stock had previously closed at $3.40.

Several equities analysts have issued reports on TDW shares. Zacks Investment Research downgraded Tidewater from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Argus reiterated a “hold” rating on shares of Tidewater in a research report on Friday, July 8th. Iberia Capital downgraded Tidewater from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $8.00 to $4.00 in a research report on Friday, May 27th. Johnson Rice downgraded Tidewater from an “accumulate” rating to a “hold” rating in a research report on Wednesday, August 10th. Finally, Morgan Stanley set a $4.50 target price on Tidewater and gave the stock a “sell” rating in a research report on Thursday, August 11th. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $11.25.

The company’s market capitalization is $149.67 million. The company has a 50 day moving average price of $4.15 and a 200 day moving average price of $5.81.

Tidewater (NYSE:TDW) last issued its earnings results on Tuesday, August 9th. The company reported ($1.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.74) by $1.15. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business earned $167.90 million during the quarter, compared to analysts’ expectations of $169.75 million. The business’s quarterly revenue was down 44.9% on a year-over-year basis. Equities analysts anticipate that Tidewater Inc. will post ($4.13) EPS for the current year.

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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