Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded TIDEWATER INC from a buy rating to a hold rating in a report on Saturday, July 22nd. BidaskClub downgraded TIDEWATER INC from a sell rating to a strong sell rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. TIDEWATER INC has a consensus rating of Hold and a consensus price target of $1.00.
Shares of TIDEWATER INC (TDW) opened at 24.15 on Tuesday. TIDEWATER INC has a 52 week low of $20.37 and a 52 week high of $29.14. The firm’s market capitalization is $1.14 billion. The stock has a 50 day moving average of $26.33 and a 200-day moving average of $7.52.
TIDEWATER INC (NYSE:TDW) last announced its quarterly earnings results on Monday, June 12th. The oil and gas company reported ($0.94) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.29) by $0.35. The business had revenue of $160.75 million for the quarter, compared to analyst estimates of $118.75 million. Equities analysts anticipate that TIDEWATER INC will post ($143.64) earnings per share for the current fiscal year.
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A number of large investors have recently made changes to their positions in TDW. State Street Corp increased its stake in shares of TIDEWATER INC 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 in the last quarter. Principal Financial Group Inc. increased its stake in TIDEWATER INC by 3.5% in the first quarter. Principal Financial Group Inc. now owns 375,854 shares of the oil and gas company’s stock worth $432,000 after buying an additional 12,576 shares in the last quarter. California Public Employees Retirement System increased its stake in TIDEWATER INC by 1.7% in the second quarter. California Public Employees Retirement System now owns 1,391,746 shares of the oil and gas company’s stock worth $1,002,000 after buying an additional 23,700 shares in the last quarter. Norges Bank purchased a new stake in TIDEWATER INC during the fourth quarter worth $119,000. Finally, Janney Montgomery Scott LLC increased its stake in TIDEWATER INC by 3.3% in the second quarter. Janney Montgomery Scott LLC now owns 1,474,304 shares of the oil and gas company’s stock worth $1,061,000 after buying an additional 46,532 shares in the last quarter.
About TIDEWATER INC
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.
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