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NYSE:TDW

Tidewater (TDW) Stock Price, News & Analysis

$103.80
+1.27 (+1.24%)
(As of 12:16 PM ET)
Today's Range
$102.55
$104.21
50-Day Range
$85.29
$108.81
52-Week Range
$42.62
$111.42
Volume
125,617 shs
Average Volume
760,246 shs
Market Capitalization
$5.48 billion
P/E Ratio
41.35
Dividend Yield
N/A
Price Target
$98.00

Tidewater MarketRank™ Stock Analysis

Analyst Rating
Buy
3.20 Rating Score
Upside/​Downside
4.4% Downside
$98.00 Price Target
Short Interest
Healthy
8.79% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-5.62
Upright™ Environmental Score
News Sentiment
0.44mentions of Tidewater in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$59.74 M Sold Last Quarter
Proj. Earnings Growth
76.92%
From $4.68 to $8.28 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.54 out of 5 stars

Oils/Energy Sector

88th out of 244 stocks

Water Transportation Industry

6th out of 15 stocks

TDW stock logo

About Tidewater Stock (NYSE:TDW)

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. The company operates anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; offshore drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

TDW Stock Price History

TDW Stock News Headlines

Tidewater (NYSE:TDW) Price Target Raised to $130.00
Tidewater EVP Trades Company's Stock
Tidewater Inc. Announces Rise In Q1 Profit, Beats estimates
Tidewater Inc. (TDW)
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Today
5/23/2024
Next Earnings (Estimated)
8/05/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Water transportation
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
88642310
Employees
7,300
Year Founded
1956

Price Target and Rating

Average Stock Price Target
$98.00
High Stock Price Target
$130.00
Low Stock Price Target
$85.00
Potential Upside/Downside
-4.4%
Consensus Rating
Buy
Rating Score (0-4)
3.20
Research Coverage
5 Analysts

Profitability

Net Income
$97.18 million
Pretax Margin
15.46%

Debt

Sales & Book Value

Annual Sales
$1.01 billion
Cash Flow
$5.87 per share
Book Value
$20.00 per share

Miscellaneous

Free Float
48,367,000
Market Cap
$5.41 billion
Optionable
Optionable
Beta
1.21

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TDW Stock Analysis - Frequently Asked Questions

Should I buy or sell Tidewater stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tidewater in the last twelve months. There are currently 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TDW shares.
View TDW analyst ratings
or view top-rated stocks.

What is Tidewater's stock price target for 2024?

5 brokerages have issued 12 month target prices for Tidewater's shares. Their TDW share price targets range from $85.00 to $130.00. On average, they predict the company's stock price to reach $98.00 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for TDW
or view top-rated stocks among Wall Street analysts.

How have TDW shares performed in 2024?

Tidewater's stock was trading at $72.11 at the beginning of 2024. Since then, TDW stock has increased by 42.2% and is now trading at $102.53.
View the best growth stocks for 2024 here
.

When is Tidewater's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 5th 2024.
View our TDW earnings forecast
.

How were Tidewater's earnings last quarter?

Tidewater Inc. (NYSE:TDW) announced its quarterly earnings data on Thursday, May, 2nd. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.40. The oil and gas company earned $321.20 million during the quarter, compared to analyst estimates of $312.05 million. Tidewater had a trailing twelve-month return on equity of 16.24% and a net margin of 11.73%. Tidewater's quarterly revenue was up 66.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS.

How will Tidewater's stock buyback program work?

Tidewater declared that its board has authorized a stock buyback plan on Thursday, May 2nd 2024, which allows the company to repurchase $18,100,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 0.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

What guidance has Tidewater issued on next quarter's earnings?

Tidewater updated its FY 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.4 billion-$1.5 billion, compared to the consensus revenue estimate of $1.4 billion.

What other stocks do shareholders of Tidewater own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Tidewater investors own include Energy Transfer (ET), Oasis Petroleum (OAS), P10 Holdings Inc (PIOIQ) (PIOIQ), Transocean (RIG), AT&T (T), Verizon Communications (VZ), Ford Motor (F), Gilead Sciences (GILD), General Motors (GM) and Mallinckrodt (MNK).

Who are Tidewater's major shareholders?

Tidewater's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.13%), Price T Rowe Associates Inc. MD (8.94%), Robotti Robert (6.50%), Zurich Insurance Group Ltd FI (0.73%), Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. (0.72%) and Senator Investment Group LP (0.69%). Insiders that own company stock include Daniel A Hudson, David E Darling, Kenneth H Traub, Quintin Kneen, Robert Robotti and Samuel R Rubio.
View institutional ownership trends
.

How do I buy shares of Tidewater?

Shares of TDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Tidewater have any subsidiaries?
The following companies are subsidiares of Tidewater: 3291361 Nova Scotia ULC, Al Wasl Marine LLC, Antilles Marine Service Limited, Arabia Shipping Limited, Arrendadora de Naves del Golfo S.A. de C.V. SOFOM ENR, Chalvoyage (M) Sdn. Bhd., Compania Marítima de Magallanes Limitada, DTDW Holdings Limited, DTDW Marine Services B.V., Divetide Limited, Equipo Mara C.A., GM Offshore Inc., GOMI Holdings Inc., GULFMARK OFFSHORE INC, Global Panama Marine Service Inc, Gorgon NewCo LLC, Gulf Channel Offshore Servicos LDA, Gulf Fleet Abu Dhabi, Gulf Fleet Middle East Limited, Gulf Fleet N.V., Gulf Fleet Supply Vessels L.L.C., Gulf Offshore Marine International S. de R.L., GulfMark Americas Inc., GulfMark Asia Pte. Ltd., GulfMark Capital LLC, GulfMark Foreign Investments LLC, GulfMark Guernsey International Limited, GulfMark Malaysia Inc., GulfMark Malaysia Sdn. Bhd., GulfMark Malta Ltd., GulfMark Management Inc., GulfMark Marine Trinidad Limited, GulfMark Maritime S. de R.L. de C.V., GulfMark North Sea Limited, GulfMark Oceans L.P., GulfMark Resources LLC, GulfMark Servicios de Mexico S. de R.L. de C.V., GulfMark Servicos Maritimos do Brasil Limitada, GulfMark Shipping LLC, GulfMark Thailand LLC, GulfMark UK International Limited, GulfMark de Mexico S. de R.L. de C.V., Hilliard Oil & Gas Inc., Indigo Fleet Limited, International Maritime Services Inc, JB Holding Company B.V., Java Boat Corporation, Java Boat Corporation B.V., Logistica Mexicana del Caribe S. de R.L. de C.V., Mare Alta do Brasil Navegacao Ltda., Mashhor Marine Sdn. Bhd., Middle East Ships Limited, Navegadores Servicos de Apoio Maritimo Ltda., Naviera Tidex S. de R.L. de C.V, Niugini Offshore Services Joint Venture, O.I.L. (Nigeria) Limited, Offshore Labuan Leasing Inc., Offshore Marine Inc, Pacific Tidewater Pty. Ltd., Pan Marine International Dutch Holdings L.L.C., Pan Marine International Inc., Pan Marine do Brasil Ltda., Pental Insurance Co. Ltd., Point Marine L.L.C., Purple Fleet Limited, Quality Shipyards L.L.C., S.O.P. Inc., SEA Maritime Services Pte. Ltd., Semaring Enterprise Sdn. Bhd., Semaring Logistics (M) Sdn. Bhd., Servicios Costa Afuera de Mexico S. de R.L. de C.V, Sonatide Marine Ltd., Sonatide Marine Services Ltd., Southern Ocean Services Pte. Ltd., Tide States L.L.C., Tide States Vessels L.L.C., Tideflo Marine Services Limited, Tidewater (India) Private Limited, Tidewater Al Rushaid Co. Ltd., Tidewater Caribe C.A., Tidewater Corporate Services L.L.C, Tidewater Crewing Guernsey Ltd., Tidewater Crewing Limited, Tidewater Cyprus Limited, Tidewater Dutch Holdings Cooperatief U.A., Tidewater GOM Inc., Tidewater GOM Limited, Tidewater Investment Cooperatief U.A, Tidewater Investment SRL, Tidewater Marine AS, Tidewater Marine Australia Pty Ltd, Tidewater Marine Charter Services Pte. Ltd., Tidewater Marine Fleet L.L.C., Tidewater Marine Gabon S.A., Tidewater Marine Hulls L.L.C., Tidewater Marine Indonesia Limited, Tidewater Marine International Dutch Holdings L.L.C., Tidewater Marine International Inc., Tidewater Marine International Pte. Ltd., Tidewater Marine L.L.C., Tidewater Marine Sakhalin L.L.C., Tidewater Marine Service (M) Sdn. Bhd., Tidewater Marine Ships L.L.C., Tidewater Marine Technical Services (Shenzhen) Co. Ltd, Tidewater Marine UK Ltd., Tidewater Marine Vanuatu Limited, Tidewater Marine Vessels L.L.C., Tidewater Marine West Indies Limited, Tidewater Marine Western L.L.C., Tidewater Mexico Holding L.L.C, Tidewater Norge AS, Tidewater Offshore Sdn Bhd, Tidewater Personnel UK LTD, Tidewater Rederi AS, Tidewater Subsea L.L.C., Tidewater Subsea ROV L.L.C., Tidewater Support Services Limited, Tidewater Venture Inc, Tidewater de Mexico S. de R.L. de C.V., Tidex Nigeria Limited, Troms Offshore Fleet Holding AS, Troms Offshore Management AS, Troms Offshore Supply AS, Twenty Grand (Brazil) L.L.C, Twenty Grand Marine Service L.L.C., VTG Ships Limited, VTG Supply Boat Liberia Inc., Vesselogistics Limited, Zapata Gulf Marine L.L.C., and Zapata Marine Service (Nigeria) Limited.
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This page (NYSE:TDW) was last updated on 5/23/2024 by MarketBeat.com Staff

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