Tidewater Inc. (NYSE:TDW) Given Consensus Recommendation of “Hold” by Brokerages

Tidewater Inc. (NYSE:TDW) has been given an average rating of “Hold” by the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $68.3333.

Several brokerages have issued reports on TDW. Evercore ISI cut their price objective on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Tidewater in a research note on Wednesday, October 8th. Dnb Nor Markets downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Fearnley Fonds raised shares of Tidewater to a “hold” rating in a report on Tuesday, September 16th. Finally, Zacks Research cut shares of Tidewater from a “hold” rating to a “strong sell” rating in a research report on Thursday.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Blume Capital Management Inc. raised its position in shares of Tidewater by 128.3% during the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in Tidewater by 401.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 413 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Tidewater by 2,321.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 678 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 650 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in Tidewater during the 1st quarter valued at about $40,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Tidewater by 4,245.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 849 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

Tidewater Price Performance

Shares of TDW stock opened at $58.64 on Friday. The stock’s fifty day simple moving average is $53.48 and its 200 day simple moving average is $50.38. Tidewater has a one year low of $31.17 and a one year high of $64.07. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 15.19 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.04.

Tidewater (NYSE:TDW) last released its quarterly earnings data on Monday, November 10th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.48). Tidewater had a return on equity of 16.74% and a net margin of 14.62%.The company had revenue of $341.11 million for the quarter, compared to analyst estimates of $328.84 million. During the same quarter in the prior year, the company earned $0.87 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Tidewater has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Tidewater will post 3.25 earnings per share for the current fiscal year.

Tidewater announced that its Board of Directors has authorized a share repurchase plan on Monday, August 4th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy up to 21.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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.