The stock of Tidewater Inc. (NYSE:TDW) is a huge mover today! About 1.89 million shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 77.06% since April 27, 2016 and is downtrending. It has underperformed by 82.29% the S&P500.
The move comes after 8 months positive chart setup for the $109.74M company. It was reported on Nov, 30 by Barchart.com. We have $2.39 PT which if reached, will make NYSE:TDW worth $3.29M more.
Analysts await Tidewater Inc. (NYSE:TDW) to report earnings on February, 7. They expect $-1.13 earnings per share, down 1,514.29% or $1.06 from last year’s $-0.07 per share. After $-1.00 actual earnings per share reported by Tidewater Inc. for the previous quarter, Wall Street now forecasts 13.00% negative EPS growth.
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 of Tidewater Inc. (NYSE:TDW) has “Market Perform” rating given on Monday, January 11 by Cowen & Co. The stock of Tidewater Inc. (NYSE:TDW) has “Hold” rating given on Tuesday, December 22 by Argus Research. The stock has “Accumulate” rating given by Global Hunter Securities on Friday, August 14. iBERIA Capital Partners downgraded the stock to “Sector Perform” rating in Friday, May 27 report. The company was maintained on Monday, October 12 by Argus Research. Howard Weil maintained the stock with “Sector Perform” rating in Thursday, February 4 report. The firm has “Sell” rating given on Tuesday, October 25 by Argus Research. The firm has “Hold” rating by Johnson Rice given on Wednesday, August 10. The firm has “Hold” rating given on Friday, September 4 by Zacks. The stock of Tidewater Inc. (NYSE:TDW) earned “Sector Perform” rating by Iberia Capital Partners 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 0.88 in Q2 2016. Its down 0.02, from 0.9 in 2016Q1. The ratio is negative, 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 Arkansas-based Stephens Inc Ar has invested 0% in Tidewater Inc. (NYSE:TDW). Iat Reinsurance Company accumulated 47,000 shares or 0.14% of the stock. Employees Retirement Association Of Colorado owns 15,903 shares or 0% of their US portfolio. Next Finance Group Inc Inc owns 4 shares or 0% of their US portfolio. Robotti Robert last reported 1.63% of its portfolio in the stock. Texas Permanent School Fund has 35,989 shares for 0% of their US portfolio. Jacobs Levy Equity Mngmt Inc has 287,699 shares for 0.03% of their US portfolio. Ls Investment Advsrs Ltd Liability Company accumulated 1,505 shares or 0% of the stock. State Street accumulated 1.27M shares or 0% of the stock. Huntington Bank has 0% invested in the company for 1,739 shares. Stifel Finance, a Missouri-based fund reported 15,774 shares. California Employees Retirement Systems reported 511,746 shares or 0% of all its holdings. Royal Financial Bank Of Canada, a Ontario – Canada-based fund reported 56,842 shares. Jpmorgan Chase And accumulated 0% or 8,973 shares. The California-based Blackrock Institutional Tru Com Na has invested 0% in Tidewater Inc. (NYSE:TDW).
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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