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Equities research analysts at Argus cut their target price on shares of Tidewater (NYSE:TDW) from $71.00 to $62.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ target price indicates a potential upside of 23.36% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Capital One Financial Corp. downgraded shares of Tidewater from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 21st. Separately, analysts at Clarkson Capital downgraded shares of Tidewater from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 20th. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. Tidewater presently has an average rating of “Hold” and an average target price of $60.60.

Tidewater (NYSE:TDW) traded up 0.30% on Wednesday, hitting $50.41. 234,410 shares of the company’s stock traded hands. Tidewater has a 1-year low of $45.51 and a 1-year high of $63.22. The stock’s 50-day moving average is $49.62 and its 200-day moving average is $50.06. The company has a market cap of $2.499 billion and a P/E ratio of 16.27.

Tidewater (NYSE:TDW) last issued its quarterly earnings data 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 previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. Analysts expect that Tidewater will post $4.45 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders 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 1.99%. 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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