Tidewater Inc (NYSE:TDW) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research downgraded shares of Tidewater from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has a consensus rating of “Sell” and a consensus target price of $2.17.

Shares of Tidewater (TDW) traded down 4.27% during mid-day trading on Friday, hitting $23.30. 4,124 shares of the company were exchanged. The firm’s market capitalization is $1.10 billion. The company’s 50-day moving average price is $26.63 and its 200-day moving average price is $33.53. Tidewater has a 12-month low of $20.37 and a 12-month high of $144.84.

Tidewater (NYSE:TDW) last issued its quarterly earnings data on Monday, June 12th. The oil and gas company reported ($0.94) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.29) by $0.35. The company had revenue of $160.75 million during the quarter, compared to the consensus estimate of $118.75 million. Equities research analysts predict that Tidewater will post ($162.70) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “BidaskClub Downgrades Tidewater Inc (NYSE:TDW) to Strong Sell” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/08/11/bidaskclub-downgrades-tidewater-inc-nysetdw-to-strong-sell.html.

Several institutional investors have recently added to or reduced their stakes in TDW. State Street Corp increased its position in Tidewater by 1.1% in the fourth quarter. State Street Corp now owns 1,161,875 shares of the oil and gas company’s stock valued at $3,958,000 after buying an additional 12,351 shares during the last quarter. Norges Bank acquired a new position in Tidewater during the fourth quarter valued at about $119,000. Janney Montgomery Scott LLC increased its position in Tidewater by 34.1% in the first quarter. Janney Montgomery Scott LLC now owns 1,427,772 shares of the oil and gas company’s stock valued at $1,642,000 after buying an additional 362,676 shares during the last quarter. Bank of New York Mellon Corp increased its position in Tidewater by 391.0% in the first quarter. Bank of New York Mellon Corp now owns 3,082,382 shares of the oil and gas company’s stock valued at $3,545,000 after buying an additional 2,454,595 shares during the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in Tidewater by 339.4% in the first quarter. UBS Asset Management Americas Inc. now owns 135,629 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 104,759 shares during the last quarter.

About Tidewater

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s 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 of offshore Mexico, Trinidad and Brazil.

Receive News & Ratings for Tidewater Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tidewater Inc and related companies with MarketBeat.com's FREE daily email newsletter.