Market Runner: Time to Buy Tidewater Inc. After Today’s Big Increase?

Market Runner: Time to Buy Tidewater Inc. After Today's Big Increase?

The stock of Tidewater Inc. (NYSE:TDW) is a huge mover today! About 460,722 shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 56.13% since March 16, 2016 and is downtrending. It has underperformed by 61.67% the S&P500.
The move comes after 7 months positive chart setup for the $151.48M company. It was reported on Oct, 19 by Barchart.com. We have $7.81 PT which if reached, will make NYSE:TDW worth $228.73M more.

Analysts await Tidewater Inc. (NYSE:TDW) to report earnings on November, 1. They expect $-0.96 EPS, down 9,500.00% or $0.95 from last year’s $-0.01 per share. After $-1.04 actual EPS 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. Zacks upgraded the shares of TDW in a report on Friday, September 4 to “Hold” rating. Cowen & Co downgraded the shares of TDW in a report on Monday, January 11 to “Market Perform” rating. The firm earned “Buy” rating on Monday, October 12 by Argus Research. As per Thursday, February 4, the company rating was maintained by Howard Weil. The stock of Tidewater Inc. (NYSE:TDW) has “Hold” rating given on Tuesday, December 22 by Argus Research. The stock has “Hold” rating given by Johnson Rice on Wednesday, August 10. On Friday, May 27 the stock rating was downgraded by iBERIA Capital Partners to “Sector Perform”. As per Tuesday, March 8, the company rating was downgraded by Clarkson Platou. Global Hunter Securities downgraded it to “Accumulate” rating and $19 target price in Friday, August 14 report. The firm has “Sector Perform” rating by Iberia Capital Partners given on Friday, May 27.

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 fall, 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.
The Massachusetts-based Panagora Asset Management Inc has invested 0% in Tidewater Inc. (NYSE:TDW). Commonwealth Equity Services holds 139,059 shares or 0.01% of its portfolio. Nuveen Asset Mngmt Ltd Liability holds 0.01% or 364,641 shares in its portfolio. Vanguard Grp owns 2.89 million shares or 0% of their US portfolio. Kbc Nv holds 0% or 36,039 shares in its portfolio. Van Eck Associate Corp last reported 0.01% of its portfolio in the stock. State Bank Of New York Mellon reported 725,787 shares or 0% of all its holdings. D E Shaw And Inc holds 102,536 shares or 0% of its portfolio. New York State Common Retirement Fund owns 199,695 shares or 0% of their US portfolio. California State Teachers Retirement accumulated 0% or 99,354 shares. Aperio Group Inc has 0% invested in the company for 10,455 shares. Parametric Portfolio Assocs Limited Co accumulated 0.01% or 1.09 million shares. The California-based California Employees Retirement has invested 0% in Tidewater Inc. (NYSE:TDW). The California-based Lombardia Prns Llc has invested 0.19% in Tidewater Inc. (NYSE:TDW). Fincl Bank Of America De has invested 0% of its portfolio in Tidewater Inc. (NYSE:TDW).

Another recent and important Tidewater Inc. (NYSE:TDW) news was published by Prnewswire.com which published an article titled: “Tidewater to Present at the Johnson Rice 2016 Energy Conference” on September 19, 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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