The stock of Tidewater Inc. (NYSE:TDW) is a huge mover today! About 1.72M shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 72.64% since April 14, 2016 and is downtrending. It has underperformed by 77.33% the S&P500.
The move comes after 9 months positive chart setup for the $121.67 million company. It was reported on Nov, 16 by Barchart.com. We have $4.04 PT which if reached, will make NYSE:TDW worth $87.60 million more.
Tidewater Inc. (NYSE:TDW) Ratings Coverage
Out of 10 analysts covering Tidewater (NYSE:TDW), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. Tidewater has been the topic of 16 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock has “Hold” rating given by Argus Research on Tuesday, December 22. Global Hunter Securities downgraded it to “Accumulate” rating and $19 target price in Friday, August 14 report. As per Monday, January 11, the company rating was downgraded by Cowen & Co. On Tuesday, March 8 the stock rating was downgraded by Clarkson Platou to “Sell”. iBERIA Capital Partners downgraded it to “Sector Perform” rating and $4 target price in Friday, May 27 report. The stock of Tidewater Inc. (NYSE:TDW) earned “Sell” rating by Argus Research on Tuesday, October 25. The rating was downgraded by Johnson Rice to “Hold” on Wednesday, August 10. The rating was upgraded by Zacks to “Hold” on Friday, September 4. The firm has “Sector Perform” rating by Howard Weil given on Thursday, November 5. Howard Weil maintained the shares of TDW in a report on Thursday, February 4 with “Sector Perform” rating.
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 Q2 2016. 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.
Comerica Bancorp has invested 0% of its portfolio in Tidewater Inc. (NYSE:TDW). Jpmorgan Chase last reported 8,973 shares in the company. Hudock Cap Group Inc Inc Lc, a Pennsylvania-based fund reported 112 shares. Profund Ltd Liability, a Maryland-based fund reported 16,012 shares. Nuveen Asset Lc holds 0.01% or 364,641 shares in its portfolio. Panagora Asset Mngmt holds 0% or 3,191 shares in its portfolio. Commonwealth Equity Services Inc holds 0.01% or 139,059 shares in its portfolio. Blackrock Institutional Tru Na accumulated 1.19 million shares or 0% of the stock. Thrivent For Lutherans last reported 0% of its portfolio in the stock. Nationwide Fund Advisors last reported 0% of its portfolio in the stock. The New York-based Mufg Americas has invested 0% in Tidewater Inc. (NYSE:TDW). Teachers Advsr owns 94,555 shares or 0% of their US portfolio. First Manhattan Company owns 1,000 shares or 0% of their US portfolio. Ny State Teachers Retirement Sys, a New York-based fund reported 106,959 shares. Kcg Holdings Inc accumulated 16,268 shares or 0% of the stock.
Another recent and important Tidewater Inc. (NYSE:TDW) news was published by Prnewswire.com which published an article titled: “Tidewater Announces Conference Call” on October 31, 2016.
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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