Tidewater (TDW) to Release Earnings on Thursday

Tidewater (NYSE:TDW) is expected to announce its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $1.76 per share and revenue of $340.89 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Tidewater Stock Down 1.8 %

TDW stock opened at $50.50 on Friday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 14.85 and a beta of 1.04. Tidewater has a twelve month low of $46.50 and a twelve month high of $111.42. The business has a 50 day moving average price of $53.82 and a two-hundred day moving average price of $62.90. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TDW shares. DNB Markets started coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 target price on the stock. Pickering Energy Partners downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. StockNews.com upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Raymond James cut Tidewater from a “strong-buy” rating to an “outperform” rating and cut their target price for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and lowered their price target for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

Insider Activity at Tidewater

In related news, CEO Quintin Kneen bought 41,615 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $48.06 per share, with a total value of $2,000,016.90. Following the completion of the purchase, the chief executive officer now directly owns 176,239 shares of the company’s stock, valued at $8,470,046.34. This trade represents a 30.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 8.33% of the stock is owned by company insiders.

About Tidewater

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.