Zacks Rating on Tidewater (TDW)

Tidewater (TDW) : The consensus on Tidewater (TDW) based on 9 analyst recommendation on the company stock is 3.3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Tidewater (TDW).

Tidewater (TDW) : The most positive equity analysts on Tidewater (TDW) expects the shares to touch $9, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $5.67 with an expected fluctuation of $1.6 from the mean.


Shares of Tidewater Inc. appreciated by 2.41% during the last five trading days but lost 22.02% on a 4-week basis. Tidewater Inc. has dropped 40.04% during the last 3-month period . Year-to-Date the stock performance stands at -51.15%. Tidewater (NYSE:TDW): stock turned positive on Tuesday. Though the stock opened at $3.22, the bulls momentum made the stock top out at $3.47 level for the day. The stock recorded a low of $3.19 and closed the trading day at $3.4, in the green by 4.62%. The total traded volume for the day was 1,135,330. The stock had closed at $3.25 in the previous days trading.

Tidewater Inc. provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian, Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in the Caspian Sea, the North Sea, and other arctic and cold water markets.

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