Tidewater (TDW) Projected to Post Earnings on Thursday

Tidewater (NYSE:TDW) will likely be announcing its earnings results after the market closes 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. Investors interested in participating in the company’s conference call can do so using this link.

Tidewater Stock Performance

NYSE TDW opened at $47.88 on Wednesday. The firm has a market capitalization of $2.51 billion, a P/E ratio of 14.08 and a beta of 1.04. Tidewater has a 1-year low of $46.50 and a 1-year high of $111.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The business’s 50-day simple moving average is $53.78 and its 200-day simple moving average is $62.04.

Wall Street Analyst Weigh In

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

Insider Transactions at Tidewater

In other news, CEO Quintin Kneen acquired 41,615 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now directly owns 176,239 shares in the company, valued at $8,470,046.34. This represents a 30.91 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 8.33% of the company’s stock.

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.