Tidewater Inc. (NYSE:TDW) registered a -8.54% decrease, still its new closing price is 56.25% up from the company’s 1 year high of 11.58.It posted 6.64% gains in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 3 of Wall Street analysts have an underperform rating; the 1 sells versus 0 buy or better ratings. The 10 stock analysts following this company have an average price target at $2.00, with individual PT in the $1.00-$3.00 range. The shares moved at $2.25, implying that brokerage firms see shares losing about -57.63% in twelve months time.
Tidewater Inc. (TDW) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a -34.02% fall year to date. A Executive Vice President at Tidewater Inc. (TDW) acquired shares in a transaction closed on Tuesday December 01, 2015. BENNETT JOSEPH M bought 10,000 shares in the company at $9.36 each and collected $93,001 in proceeds. BENNETT JOSEPH M now owns 72,516 shares in the company after this transaction. A Director in the company, DU MOULIN RICHARD T, disclosed a transaction on Monday November 30, 2015 that ended up paying $92,000 from the purchase of 10,000 shares at $9.2 per share.
Tidewater Inc. (NYSE:TDW) Upcoming Results on Tap
Tidewater Inc. will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $-1.23 in that period. Sales during the quarter are predicted to arrive at $130.93 million.
Earnings surprise history: Last quarter, the company posted approximately $143.72 million in revenue and EPS of $-1.01. The mean forecast was for $157.64 million and $-1.08 a share, respectively. One quarter earlier, revenue for the stock was at $167.93 million, with earnings at $-1.04/share.
Tidewater Inc. (TDW) Brokerage Update
Tidewater Inc. (TDW) is in Argus’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sell from Hold by Argus, according to news reported on Tuesday October 25, 2016.Another important research note was issued by Iberia on Friday May 27, 2016.The firm downgraded TDW to Sector Perform from Outperform. Over the last six months and over the last three months, the shares of Tidewater Inc. (TDW), have changed -47.31% and 33.93%, respectively.