Tidewater Inc. (TDW) Stock Price Up 4%
Tidewater Inc. (NYSE:TDW) rose 4% on Tuesday . The stock traded as high as $3.39 and last traded at $3.38, with a volume of 528,032 shares. The stock had previously closed at $3.25.
TDW has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Tidewater from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. Argus reissued a “hold” rating on shares of Tidewater in a report on Friday, July 8th. Iberia Capital downgraded shares of Tidewater from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $8.00 to $4.00 in a report on Friday, May 27th. Johnson Rice downgraded shares of Tidewater from an “accumulate” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, Morgan Stanley set a $4.50 price target on shares of Tidewater and gave the company a “sell” rating in a report on Thursday, August 11th. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.25.
The stock’s market capitalization is $149.67 million. The company’s 50 day moving average price is $4.12 and its 200-day moving average price is $5.79.
Tidewater (NYSE:TDW) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($1.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.74) by $1.15. The business earned $167.90 million during the quarter, compared to analysts’ expectations of $169.75 million. During the same period in the prior year, the company earned $0.18 EPS. Tidewater’s quarterly revenue was down 44.9% on a year-over-year basis. On average, equities research analysts predict that Tidewater Inc. will post ($4.13) EPS for the current fiscal 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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