The stock of Tidewater Inc. (NYSE:TDW) is a huge mover today! About 786,673 shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 57.93% since March 2, 2016 and is downtrending. It has underperformed by 66.18% the S&P500.
The move comes after 7 months positive chart setup for the $142.94 million company. It was reported on Oct, 5 by Barchart.com. We have $4.42 PT which if reached, will make NYSE:TDW worth $62.89 million more.
Analysts await Tidewater Inc. (NYSE:TDW) to report earnings on November, 1. They expect $-0.96 earnings per share, down 9,500.00% or $0.95 from last year’s $-0.01 per share. After $-1.04 actual earnings per share reported by Tidewater Inc. for the previous quarter, Wall Street now forecasts -7.69% EPS growth.
Tidewater Inc. (NYSE:TDW) Ratings Coverage
Out of 10 analysts covering Tidewater (NYSE:TDW), 1 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 10% are positive. Tidewater has been the topic of 15 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Howard Weil maintained Tidewater Inc. (NYSE:TDW) on Thursday, November 5 with “Sector Perform” rating. Global Hunter Securities downgraded Tidewater Inc. (NYSE:TDW) on Friday, August 14 to “Accumulate” rating. The rating was downgraded by Clarkson Platou to “Sell” on Tuesday, March 8. Howard Weil maintained Tidewater Inc. (NYSE:TDW) rating on Thursday, February 4. Howard Weil has “Sector Perform” rating and $9 price target. Cowen & Co downgraded Tidewater Inc. (NYSE:TDW) on Monday, January 11 to “Market Perform” rating. As per Wednesday, September 16, the company rating was maintained by Cowen & Co. The rating was maintained by Argus Research with “Buy” on Monday, October 12. The company was downgraded on Friday, May 27 by iBERIA Capital Partners. The stock of Tidewater Inc. (NYSE:TDW) earned “Hold” rating by Zacks on Friday, September 4. The company was downgraded on Tuesday, December 22 by Argus Research.
According to Zacks Investment Research, “Tidewater, Inc. owns and operates one of the world’s largest fleets serving the international offshore energy industry. Tidewater vessels can be found in virtually every area of the world where there is significant oil and gas exploration, development or production. These provide a wide range of services including: transporting crews and supplies between the mainland and offshore locations; towing and positioning mobile drilling rigs; assisting in offshore construction projects; and a variety of specialized services including cable laying and 3-D seismic work.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.17, from 1.07 in 2016Q1. The ratio dropped, as 25 funds sold all Tidewater Inc. shares owned while 46 reduced positions. 11 funds bought stakes while 53 increased positions. They now own 46.08 million shares or 9.04% less from 50.66 million shares in 2016Q1.
Susquehanna Gp Ltd Liability Partnership owns 107,504 shares or 0% of their US portfolio. Advisor Partners Ltd Liability Company has 0.02% invested in the company for 11,394 shares. Menta Ltd Llc accumulated 106,619 shares or 0.06% of the stock. The United Kingdom-based Barclays Public has invested 0% in Tidewater Inc. (NYSE:TDW). Teachers Retirement System Of The State Of Kentucky has 0% invested in the company for 15,400 shares. The Washington-based Lesa Sroufe has invested 1.53% in Tidewater Inc. (NYSE:TDW). Kcg owns 16,268 shares or 0% of their US portfolio. Nuveen Asset Mgmt Lc has 364,641 shares for 0.01% of their US portfolio. Stifel Corporation has 15,774 shares for 0% of their US portfolio. Moreover, Principal Fincl Group Inc has 0% invested in Tidewater Inc. (NYSE:TDW) for 331,211 shares. Amer Intl Grp accumulated 35,178 shares or 0% of the stock. Swiss Fincl Bank accumulated 0% or 84,900 shares. D E Shaw & holds 102,536 shares or 0% of its portfolio. Moreover, Lombardia Prtnrs Ltd has 0.19% invested in Tidewater Inc. (NYSE:TDW) for 659,917 shares. Moreover, Kanaly Trust has 0% invested in Tidewater Inc. (NYSE:TDW) for 1,500 shares.
More news for Tidewater Inc. (NYSE:TDW) were recently published by: Prnewswire.com, which released: “Tidewater to Present at the Johnson Rice 2016 Energy Conference” on September 19, 2016. Prnewswire.com‘s article titled: “Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders” and published on September 16, 2016 is yet another important article.
TDW Company Profile
Tidewater Inc., incorporated on February 7, 1956, provides offshore service vessels and marine support services to the global offshore energy industry. The Firm operates a fleet of marine service vessels. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities 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 activities of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its activities in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes activities conducted along the East and West Coasts of Africa, as well as activities in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.
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