Tidewater Inc. (NYSE:TDW) fell 4.4% on Wednesday . The stock traded as low as $3.21 and last traded at $3.25, with a volume of 545,344 shares. The stock had previously closed at $3.40.

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

The firm’s market capitalization is $145.91 million. The stock’s 50-day moving average price is $4.09 and its 200 day moving average price is $5.77.

Tidewater (NYSE:TDW) last released 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 earned $0.18 earnings per share. The firm had revenue of $167.90 million for the quarter, compared to analysts’ expectations of $169.75 million. Tidewater’s revenue for the quarter was down 44.9% on a year-over-year basis. On average, equities analysts anticipate that Tidewater Inc. will post ($4.23) 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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