Tidewater Lowered to “Equal Weight” at Capital One Financial Corp. (TDW)
Tidewater (NYSE:TDW) was downgraded by stock analysts at Capital One Financial Corp. from an “overweight” rating to an “equal weight” rating in a report issued on Thursday, TheFlyOnTheWall.com reports.
Shares of Tidewater (NYSE:TDW) opened at 49.62 on Thursday. Tidewater has a one year low of $45.51 and a one year high of $63.22. The stock has a 50-day moving average of $49.90 and a 200-day moving average of $50.04. The company has a market cap of $2.460 billion and a P/E ratio of 16.06.
Tidewater (NYSE:TDW) last announced its earnings results on Tuesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, missing the 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 in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. On average, analysts predict that Tidewater will post $4.45 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, September 3rd.
TDW has been the subject of a number of other recent research reports. Analysts at Clarkson Capital downgraded shares of Tidewater from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Separately, 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. Finally, 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.50.
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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