Tidewater (NYSE:TDW) Shares Up 5% - Time to Buy?

Key Points

• Tidewater shares rose 5% to $74.60, though trading volume was 35% below its average.
• Third-quarter revenue increased 5.7% year over year to $360.4 million and operating cash flow rose 37.4%, but diluted EPS of $0.35 fell well short of analyst expectations. The company also initiated 2027 revenue guidance of $1.70 billion to $1.75 billion.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $98.25; recent analyst views range from Buy to Hold.

Tidewater Inc. (NYSE:TDW - Get Free Report)'s share price rose 5% during trading on Tuesday. The stock traded as high as $74.74 and last traded at $74.60. 476,031 shares traded hands during trading, a decline of 35% from the average session volume of 736,606 shares. The stock had previously closed at $71.06.

Trending Headlines about Tidewater

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Stronger 2027 outlook: Tidewater initiated full-year 2027 revenue guidance of $1.70 billion to $1.75 billion, broadly in line with or above the roughly $1.7 billion consensus, and forecast margins of 51% to 53%. Its 2026 revenue outlook is $1.43 billion to $1.44 billion, near expectations. Tidewater updates 2026 guidance and initiates 2027 guidance
• Positive Sentiment: Revenue and cash flow grew: Third-quarter revenue increased 5.7% year over year to $360.4 million, slightly above one reported analyst estimate. Operating cash flow rose 37.4% to $75.2 million, while average day rates increased sequentially. Tidewater also repurchased about $25 million of shares, with $475 million remaining under its authorization. Tidewater reports third-quarter revenue and net income
• Negative Sentiment: EPS missed expectations: Diluted earnings were $0.35 per share, below analyst estimates ranging from $0.64 to $0.72, and down from $0.53 a year earlier. Higher costs and lower operating profit weighed on results, making the earnings shortfall a key counterpoint to the growth and guidance news. Tidewater lags Q3 earnings estimates

Analysts Set New Price Targets

TDW has been the topic of several recent analyst reports. BTIG Research reissued a "buy" rating and set a $120.00 target price on shares of Tidewater in a research note on Friday, October 9th. Weiss Ratings cut Tidewater from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, November 4th. Finally, Barclays upped their price target on Tidewater from $86.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Tidewater has a consensus rating of "Moderate Buy" and an average target price of $98.25.

Tidewater Trading Up 5.0%

The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 15.11 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.47 and a current ratio of 3.58. The company has a 50 day moving average price of $84.91 and a 200 day moving average price of $79.59.

Tidewater (NYSE:TDW - Get Free Report) last issued its quarterly earnings data on Monday, November 9th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.37). The business had revenue of $360.42 million for the quarter, compared to analyst estimates of $358.77 million. Tidewater had a return on equity of 5.36% and a net margin of 18.34%. The firm's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, research analysts expect that Tidewater Inc. will post 3.08 earnings per share for the current year.

Insider Buying and Selling

In other Tidewater news, EVP Daniel Hudson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $99.08, for a total transaction of $1,486,200.00. Following the sale, the executive vice president directly owned 33,029 shares in the company, valued at $3,272,513.32. This represents a 31.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samuel Rubio sold 17,705 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.56, for a total value of $1,621,069.80. Following the completion of the sale, the executive vice president owned 33,214 shares in the company, valued at approximately $3,041,073.84. The trade was a 34.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,705 shares of company stock valued at $4,097,270 in the last ninety days. Company insiders own 5.90% of the company's stock.

Hedge Funds Weigh In On Tidewater

Several hedge funds have recently added to or reduced their stakes in TDW. Punch & Associates Investment Management Inc. acquired a new stake in shares of Tidewater during the second quarter worth $22,811,000. Legal & General Group Plc purchased a new position in Tidewater in the second quarter valued at about $5,470,000. Deutsche Bank AG acquired a new position in Tidewater during the second quarter worth $3,262,000. Kendall Capital Management acquired a new position in shares of Tidewater during the 2nd quarter worth $1,071,000. Finally, VELA Investment Management LLC lifted its holdings in shares of Tidewater by 17.5% in the second quarter. VELA Investment Management LLC now owns 40,537 shares of the oil and gas company's stock valued at $2,701,000 after purchasing an additional 6,028 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

About Tidewater

Tidewater Inc. provides offshore support vessels and related marine services to the energy industry. Its vessels transport personnel, equipment and supplies between shore bases and offshore facilities, and support activities such as anchor handling, towing, platform operations and offshore construction. The company operates a diverse fleet that includes platform supply vessels, anchor-handling tug supply vessels, crew boats and other specialized vessels. These services help customers carry out offshore exploration, development and production, as well as certain renewable-energy and subsea projects.

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