Tidewater (TDW) Stock Price, News & Analysis

Company Overview

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; offshore drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

Key Stats

• Today's Range: $47.77 to $50.92
• 50-Day Range: $47.00 to $67.88
• 52-Week Range: $46.50 to $111.42
• Volume: 3.80 million shs
• Average Volume: 932,400 shs
• Market Capitalization: $2.56 billion
• P/E Ratio: 14.41
• Dividend Yield: N/A
• Price Target: $95.80
• Consensus Rating: Buy

Tidewater Stock Analysis - MarketRank™

Tidewater scored higher than 97% of companies evaluated by MarketBeat, and ranked 12th out of 270 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Tidewater has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Tidewater has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 72.16%

Earnings Growth

Earnings for Tidewater are expected to grow by 72.16% in the coming year, from $3.34 to $5.75 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Tidewater is 14.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.04.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tidewater is 14.41, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.81.

Price to Book Value per Share Ratio

Tidewater has a P/B Ratio of 2.49. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.76% of the outstanding shares of Tidewater have been sold short.

Short Interest Ratio / Days to Cover

Tidewater has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Tidewater has recently decreased by 4.74%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Tidewater does not currently pay a dividend.

Dividend Growth

Tidewater does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tidewater is 29.41%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Tidewater will have a dividend payout ratio of 17.39% next year. This indicates that Tidewater will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 1.9 / 5
• Environmental Score: -5.62

Percentage of Shares Shorted

10.76% of the outstanding shares of Tidewater have been sold short.

Short Interest Ratio / Days to Cover

Tidewater has a short interest ratio ("days to cover") of 5.3.

Change versus previous month

Short interest in Tidewater has recently decreased by 4.74%, indicating that investor sentiment is improving.

News and Social Media

• Score: 3.9 / 5
• News Sentiment: 0.98

News Sentiment

Tidewater has a news sentiment score of 0.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.67 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Tidewater this week, compared to 6 articles on an average week.

Search Interest

18 people have searched for TDW on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

16 people have added Tidewater to their MarketBeat watchlist in the last 30 days. This is an increase of 60% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Tidewater insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,000,017.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 8.33% of the stock of Tidewater is held by insiders.

Percentage Held by Institutions

95.13% of the stock of Tidewater is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

TDW Stock Analysis - Frequently Asked Questions

How have TDW shares performed this year?

Tidewater's stock was trading at $72.11 on January 1st, 2024. Since then, TDW shares have decreased by 32.0% and is now trading at $49.00.
View the best growth stocks for 2024 here.

How were Tidewater's earnings last quarter?

Tidewater Inc. (NYSE:TDW) issued its quarterly earnings results on Tuesday, August, 6th. The oil and gas company reported $0.94 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.22. The business's quarterly revenue was up 57.8% on a year-over-year basis.

Is Tidewater buying back stock?

Tidewater's board initiated a share repurchase program on Tuesday, August 6th 2024, which authorizes the company to buy back $13,900,000 in shares, according to EventVestor. This means that the company could reacquire up to 0.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

Does Tidewater have any subsidiaries?

The following companies are subsidiaries of Tidewater: GULFMARK OFFSHORE INC, Troms Offshore Supply AS, O.I.L. (Nigeria) Limited, Zapata Gulf Marine L.L.C., 3291361 Nova Scotia ULC, Al Wasl Marine LLC, Antilles Marine Service Limited, and others.

Who are Tidewater's major shareholders?

Tidewater's top institutional shareholders include FMR LLC (6.30%), State Street Corp (3.57%), Geode Capital Management LLC (2.09%) and Van ECK Associates Corp (1.35%). Insiders that own company stock include Robert Robotti, Quintin Kneen, Daniel A Hudson, Kenneth Traub, Samuel R Rubio, David E Darling, Louis Raspino and Darron M Anderson.
View institutional ownership trends.

How do I buy shares of Tidewater?

Shares of TDW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Tidewater own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Tidewater investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Saia (SAIA), Broadcom (AVGO), Rambus (RMBS) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Water transportation
• Sub-Industry: Oil & Gas Equipment & Services
• Current Symbol: NYSE:TDW
• CUSIP: 88642310
• CIK: 98222
• Web: www.tdw.com
• Phone: (713) 470-5300
• Fax: 504-566-4582
• Employees: 7,300
• Year Founded: 1956

Price Target and Rating

• Average Stock Price Target: $95.80
• High Stock Price Target: $130.00
• Low Stock Price Target: $70.00
• Potential Upside/Downside: +95.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.40
• Trailing P/E Ratio: 14.41
• Forward P/E Ratio: 14.67
• P/E Growth: N/A
• Net Income: $97.18 million
• Net Margins: 13.92%
• Pretax Margin: 17.23%
• Return on Equity: 18.16%
• Return on Assets: 9.40%

Debt

• Debt-to-Equity Ratio: 0.54
• Current Ratio: 2.29
• Quick Ratio: 2.19

Sales & Book Value

• Annual Sales: $1.30 billion
• Price / Sales: 1.97
• Cash Flow: $6.32 per share
• Price / Cash Flow: 7.75
• Book Value: $19.64 per share
• Price / Book: 2.49

Miscellaneous

• Outstanding Shares: 52,323,000
• Free Float: 47,964,000
• Market Cap: $2.56 billion
• Optionable: Optionable
• Beta: 1.10