Tidewater (TDW) Projected to Post Earnings on Thursday

Tidewater (NYSE:TDW) is projected to release its earnings data after the market closes on Thursday, February 27th. Analysts expect Tidewater to post earnings of $1.76 per share and revenue of $340.89 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Tidewater Price Performance

Shares of NYSE TDW opened at $47.88 on Wednesday. Tidewater has a one year low of $46.50 and a one year high of $111.42. The firm has a market cap of $2.51 billion, a PE ratio of 14.08 and a beta of 1.04. The firm has a fifty day moving average of $53.78 and a 200 day moving average of $62.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29.

Analyst Ratings Changes

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

Insider Buying and Selling at Tidewater

In related news, CEO Quintin Kneen purchased 41,615 shares of the company’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $48.06 per share, for a total transaction 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 approximately $8,470,046.34. This trade represents a 30.91 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.33% of the stock is currently owned by 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.