Tidewater Stock Rating Lowered by Clarkson Capital (TDW)
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities downgraded shares of Tidewater from a “buy” rating to an “accumulate” rating in a research note on Monday, August 11th. They now have a $55.00 price target on the stock, down previously from $58.00. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of Tidewater in a research note on Thursday, August 7th. They now have a $47.00 price target on the stock, down previously from $50.00. Finally, analysts at Zacks downgraded shares of Tidewater from a “neutral” rating to an “underperform” rating in a research note on Tuesday, July 22nd. They now have a $48.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.27.
Tidewater (NYSE:TDW) opened at 50.05 on Wednesday. Tidewater has a 52-week low of $45.51 and a 52-week high of $63.22. The stock’s 50-day moving average is $50.24 and its 200-day moving average is $50.06. The company has a market cap of $2.481 billion and a price-to-earnings ratio of 16.17.
Tidewater (NYSE:TDW) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.88 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.92 by $0.04. The company had revenue of $385.70 million for the quarter, compared to the consensus estimate of $382.06 million. During the same quarter last year, the company posted $0.68 earnings per share. Tidewater’s revenue was up 15.4% compared to the same quarter last year. On average, analysts predict that Tidewater will post $4.46 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, September 5th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, September 3rd.
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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