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NYSE:TDW

Tidewater (TDW) Stock Price, News & Analysis

Tidewater logo
$51.72 +1.45 (+2.88%)
(As of 11/29/2024 ET)

About Tidewater Stock (NYSE:TDW)

Key Stats

Today's Range
$50.57
$51.97
50-Day Range
$50.17
$77.36
52-Week Range
$49.83
$111.42
Volume
427,672 shs
Average Volume
1.09 million shs
Market Capitalization
$2.71 billion
P/E Ratio
15.21
Dividend Yield
N/A
Price Target
$95.80
Consensus Rating
Buy

Company Overview

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. The company operates anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; offshore drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

Tidewater Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
88th Percentile Overall Score

TDW MarketRank™: 

Tidewater scored higher than 88% of companies evaluated by MarketBeat, and ranked 43rd out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Tidewater has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Tidewater has only been the subject of 2 research reports in the past 90 days.

  • Read more about Tidewater's stock forecast and price target.
  • Earnings Growth

    Earnings for Tidewater are expected to grow by 72.16% in the coming year, from $3.34 to $5.75 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Tidewater is 15.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.81.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Tidewater is 15.21, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.09.

  • Price to Book Value per Share Ratio

    Tidewater has a P/B Ratio of 2.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Tidewater's valuation and earnings.
  • Percentage of Shares Shorted

    11.30% of the outstanding shares of Tidewater have been sold short.
  • Short Interest Ratio / Days to Cover

    Tidewater has a short interest ratio ("days to cover") of 5.6.
  • Change versus previous month

    Short interest in Tidewater has recently decreased by 4.98%, indicating that investor sentiment is improving.
  • Dividend Yield

    Tidewater does not currently pay a dividend.

  • Dividend Growth

    Tidewater does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    11.30% of the outstanding shares of Tidewater have been sold short.
  • Short Interest Ratio / Days to Cover

    Tidewater has a short interest ratio ("days to cover") of 5.6.
  • Change versus previous month

    Short interest in Tidewater has recently decreased by 4.98%, indicating that investor sentiment is improving.
  • News Sentiment

    Tidewater has a news sentiment score of 0.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 10 news articles for Tidewater this week, compared to 6 articles on an average week.
  • Search Interest

    Only 13 people have searched for TDW on MarketBeat in the last 30 days. This is a decrease of -7% compared to the previous 30 days.
  • MarketBeat Follows

    15 people have added Tidewater to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Tidewater insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 8.33% of the stock of Tidewater is held by insiders.

  • Percentage Held by Institutions

    95.13% of the stock of Tidewater is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Tidewater's insider trading history.
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TDW Stock News Headlines

Nakhodka, Russia- 05.08.2015:Bunkering tanker Zaliv America container ship MSC Bruxelles. Nakhodka Bay. East (Japan) Sea. 05.08.2015 — Stock Editorial Photography
Oil’s Rally Could Boost These 3 Shipping Stocks
As oil prices look to rally in the coming months, three shipping stocks could also breakout. Institutional buyers are behind this trend and buying
Contrasting Tidewater (NYSE:TDW) and Viking (NYSE:VIK)
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TDW Stock Crowded With Sellers
Tidewater initiated with a Buy at DNB Markets
Tidewater stock plunges to 52-week low at $49.86
Energy & Utilities Roundup: Market Talk
See More Headlines

TDW Stock Analysis - Frequently Asked Questions

Tidewater's stock was trading at $72.11 at the start of the year. Since then, TDW shares have decreased by 28.3% and is now trading at $51.72.
View the best growth stocks for 2024 here
.

Tidewater Inc. (NYSE:TDW) released its earnings results on Tuesday, August, 6th. The oil and gas company reported $0.94 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.22. Tidewater's revenue was up 57.8% on a year-over-year basis.

Tidewater's board authorized a stock buyback plan on Tuesday, August 6th 2024, which permits the company to repurchase $13,900,000 in shares, according to EventVestor. This means that the company could reacquire up to 0.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Tidewater subsidiaries include GULFMARK OFFSHORE INC, Troms Offshore Supply AS, O.I.L. (Nigeria) Limited, Zapata Gulf Marine L.L.C., 3291361 Nova Scotia ULC, Al Wasl Marine LLC, Antilles Marine Service Limited, and more.

Top institutional shareholders of Tidewater include FMR LLC (6.30%), State Street Corp (3.57%), Geode Capital Management LLC (2.09%) and Van ECK Associates Corp (1.35%). Insiders that own company stock include Robert Robotti, Quintin Kneen, Daniel A Hudson, Kenneth Traub, Samuel R Rubio, David E Darling, Louis Raspino and Darron M Anderson.
View institutional ownership trends
.

Shares of TDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Tidewater investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Saia (SAIA), Broadcom (AVGO), Rambus (RMBS) and ServiceNow (NOW).

Company Calendar

Last Earnings
8/06/2024
Today
12/01/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
3/06/2025

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
88642310
Employees
7,300
Year Founded
1956

Price Target and Rating

Average Stock Price Target
$95.80
High Stock Price Target
$130.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+85.2%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$97.18 million
Pretax Margin
17.23%

Debt

Sales & Book Value

Annual Sales
$1.30 billion
Cash Flow
$6.32 per share
Book Value
$21.29 per share

Miscellaneous

Free Float
47,964,000
Market Cap
$2.71 billion
Optionable
Optionable
Beta
1.14

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This page (NYSE:TDW) was last updated on 12/1/2024 by MarketBeat.com Staff
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