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Tidewater (NYSE:TDW) was downgraded by equities research analysts at Ned Davis Research from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday, StockRatingsNetwork reports.

TDW has been the subject of a number of other recent research reports. Analysts at ISI Group raised their price target on shares of Tidewater from $50.00 to $52.00 in a research note to investors on Wednesday, November 6th. They now have a “cautious” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Tidewater from $64.00 to $71.00 in a research note to investors on Wednesday, November 6th. They now have a “sector outperform” rating on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of Tidewater in a research note to investors on Wednesday, November 6th. They now have a $71.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $65.40.

Shares of Tidewater (NYSE:TDW) traded down 1.38% on Monday, hitting $50.75. The stock had a trading volume of 223,928 shares. Tidewater has a 1-year low of $45.19 and a 1-year high of $63.22. The stock has a 50-day moving average of $57.26 and a 200-day moving average of $58.27. The company has a market cap of $2.501 billion and a P/E ratio of 15.83.

Tidewater (NYSE:TDW) last announced its earnings results on Tuesday, November 5th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.21. The company had revenue of $367.94 million for the quarter, compared to the consensus estimate of $358.88 million. During the same quarter last year, the company posted $0.83 earnings per share. Tidewater’s revenue was up 18.0% compared to the same quarter last year. Analysts expect that Tidewater will post $4.11 EPS for the current fiscal year.

Tidewater Inc, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.

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