Tidewater (NYSE:TDW - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens 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. Parties interested in listening to the company's conference call can do so using this link.
Shares of TDW opened at $50.50 on Friday. The stock has a market cap of $2.64 billion, a P/E ratio of 14.85 and a beta of 1.04. Tidewater has a 1 year low of $46.50 and a 1 year high of $111.42. The stock's 50-day moving average price is $53.82 and its two-hundred day moving average price is $62.90. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54.
In other news, CEO Quintin Kneen purchased 41,615 shares of Tidewater stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $48.06 per share, with a total value of $2,000,016.90. Following the transaction, the chief executive officer now directly owns 176,239 shares in the company, valued at $8,470,046.34. The trade was a 30.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 8.33% of the company's stock.
TDW has been the topic of several recent analyst reports. Evercore ISI lowered shares of Tidewater from an "outperform" rating to an "in-line" rating and reduced their price objective for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners cut shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. DNB Markets initiated coverage on shares of Tidewater in a research report on Friday, November 29th. They issued a "buy" rating and a $70.00 price objective for the company. Raymond James cut Tidewater from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $92.50.
Check Out Our Latest Analysis on 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Tidewater, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.
While Tidewater currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.