Tidewater (TDW) Receiving Somewhat Positive Press Coverage, Analysis Finds

News articles about Tidewater (NYSE:TDW) have trended somewhat positive on Friday, AlphaOne reports. AlphaOne, a service of Accern, ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tidewater earned a news sentiment score of 0.03 on AlphaOne’s scale. AlphaOne also assigned headlines about the oil and gas company an impact score of 95 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have impacted Alpha One’s scoring:

Separately, Zacks Investment Research raised shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Saturday, February 11th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Tidewater currently has a consensus rating of “Hold” and an average price target of $3.38.

Tidewater (NYSE:TDW) traded down 5.54% during midday trading on Friday, hitting $0.81. The stock had a trading volume of 1,117,161 shares. Tidewater has a 1-year low of $0.80 and a 1-year high of $9.37. The stock’s market capitalization is $38.13 million. The stock’s 50-day moving average is $0.98 and its 200-day moving average is $2.12.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Tuesday, February 7th. The oil and gas company reported ($1.00) EPS for the quarter, beating analysts’ consensus estimates of ($1.16) by $0.16. Tidewater had a negative return on equity of 8.48% and a negative net margin of 103.52%. The firm had revenue of $129.20 million for the quarter, compared to analysts’ expectations of $139.13 million. During the same quarter in the prior year, the firm earned ($0.21) EPS. The business’s revenue for the quarter was down 40.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tidewater will post ($4.55) EPS for the current fiscal year.

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Tidewater Company Profile

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s 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 of offshore Mexico, Trinidad and Brazil.

5 Day Chart for NYSE:TDW

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