Tidewater (TDW) Projected to Post Earnings on Thursday

Tidewater (NYSE:TDW) is expected to post its quarterly earnings results before the market opens on Thursday, February 27th. Analysts expect Tidewater to post earnings of $1.76 per share and revenue of $340.89 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Tidewater Stock Performance

Shares of TDW opened at $50.01 on Tuesday. Tidewater has a one year low of $46.50 and a one year high of $111.42. The company has a 50-day moving average of $53.88 and a two-hundred day moving average of $62.30. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 14.71 and a beta of 1.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

Wall Street Analyst Weigh In

TDW has been the topic of several recent research reports. Raymond James lowered shares of Tidewater from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $131.00 to $102.00 in a research report on Monday, November 11th. Pickering Energy Partners lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their price target 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. Finally, DNB Markets assumed coverage on shares of Tidewater in a research report on Friday, November 29th. They issued a “buy” rating and a $70.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Tidewater currently has a consensus rating of “Moderate Buy” and an average target price of $92.50.

Insiders Place Their Bets

In related news, CEO Quintin Kneen bought 41,615 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now owns 176,239 shares of the company’s stock, valued at approximately $8,470,046.34. The trade was a 30.91 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.33% of the company’s stock.

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.