Tidewater (NYSE:TDW) Shares Up 11.3% – Should You Buy?

Tidewater Inc. (NYSE:TDW)’s share price traded up 11.3% on Tuesday . The stock traded as high as $79.96 and last traded at $79.5590. Approximately 248,728 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 785,333 shares. The stock had previously closed at $71.48.

Key Stories Impacting Tidewater

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Second-quarter revenue of $342.3 million exceeded analyst expectations of approximately $330 million and rose 4.9% sequentially. Revenue was broadly stable year over year, supporting the view that demand for Tidewater’s offshore support vessels remains resilient. Tidewater Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Average day rates increased to $22,938, while leading-edge day rates rose 7.5% sequentially to $24,341. These improvements indicate potential pricing power and provide support for future revenue growth. Tidewater Q2 Revenue Rises
• Positive Sentiment: Cash generation remained strong, with $67.0 million of operating cash flow and $64.4 million of free cash flow. Tidewater ended the quarter with $613.5 million in cash and retains a $500 million share-repurchase authorization. Tidewater Reports Results for the Six Months Ended June 30 2026
• Positive Sentiment: The company expects to close its WSUT acquisition around September 1, 2026, which could expand its fleet and earnings base. Analysts cited in the reports have median price targets near $90, above the recent trading level.
• Neutral Sentiment: EPS was $0.43. Results beat the Zacks consensus estimate of $0.32, but fell short of the $0.46 estimate cited by MarketBeat, reflecting differing consensus calculations. Tidewater Q2 Earnings Snapshot
• Negative Sentiment: Profitability weakened materially: net income fell to $21.7 million from $72.9 million a year earlier, while EPS declined from $1.46. Gross and operating profit also decreased as costs and capital spending increased. Tidewater Releases Q2 2026 Earnings
• Negative Sentiment: 2026 revenue guidance of $1.42 billion to $1.47 billion is below the roughly $1.5 billion consensus estimate, potentially limiting near-term upside. Recent insider activity also shows sales without reported purchases, though institutional buying was mixed.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TDW shares. Fearnley Fonds raised Tidewater from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Weiss Ratings downgraded Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Barclays upped their price target on Tidewater from $80.00 to $86.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Pickering Energy Partners upgraded Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Finally, Zacks Research lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $89.33.

Tidewater Stock Up 17.3%

The company has a debt-to-equity ratio of 0.48, a current ratio of 3.33 and a quick ratio of 3.22. The stock’s fifty day simple moving average is $72.31 and its 200-day simple moving average is $75.14. The stock has a market cap of $4.17 billion, a P/E ratio of 14.03 and a beta of 0.53.

Tidewater (NYSE:TDW) last posted its earnings results on Monday, August 3rd. The oil and gas company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The company had revenue of $342.29 million for the quarter, compared to the consensus estimate of $329.97 million. Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the company posted $1.46 earnings per share. On average, research analysts anticipate that Tidewater Inc. will post 3.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. acquired a new position in shares of Tidewater during the first quarter valued at $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of Tidewater in the 1st quarter worth about $54,000. Parallel Advisors LLC increased its holdings in shares of Tidewater by 37.3% in the 1st quarter. Parallel Advisors LLC now owns 766 shares of the oil and gas company’s stock worth $64,000 after acquiring an additional 208 shares during the period. Clearstead Advisors LLC lifted its position in Tidewater by 22.2% in the 4th quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 158 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Tidewater by 701.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after purchasing an additional 870 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.