Tidewater (NYSE:TDW) should head towards $6 per share according to 6 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $4 per share. The higher price estimate target is at $9 according to the Analysts.
Many analysts have stated their opinion on the company shares. iBERIA Capital Partners downgrades their rating on the shares of Tidewater (NYSE:TDW). The current rating of the shares is Sector Perform. Earlier, the shares were rated a Outperform by the brokerage firm. Equity Analysts at the Firm lowers the price target to $4 per share from $8 per share. The rating by the firm was issued on May 27, 2016. Company shares have received an average consensus rating of Hold for the current week
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Tidewater Inc, Bennett Joseph M, had purchased 10,000 shares in a transaction dated on December 1, 2015. The transaction was executed at $9.36 per share with total amount equaling $93,600.
Tidewater (NYSE:TDW) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.04 points or 0.79% at $5.02 with 1,297,112 shares getting traded. Post opening the session at $5, the shares hit an intraday low of $4.89 and an intraday high of $5.21 and the price was in this range throughout the day. The company has a market cap of $236 million and the number of outstanding shares have been calculated to be 47,067,715 shares. The 52-week high of Tidewater (NYSE:TDW) is $24.16 and the 52-week low is $3.79.
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.