Analyst Rating Update on Tidewater (TDW)

Tidewater (TDW) : Zacks Investment Research ranks Tidewater (TDW) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 3.34, which indicates as a Hold.

Tidewater (TDW) : Average target price received by Tidewater (TDW) is $6 with an expected standard deviation of $1.64. The most aggressive target on the stock is $9, whereas the most downbeat target is $4. 6 financial analysts are currently covering the stock.

Company shares have received an average consensus rating of Hold for the current week


Tidewater (NYSE:TDW): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.83 and $3.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.96, notching a gain of 3.39% for the day. The total traded volume was 1,372,967 . The stock had closed at $3.83 on the previous day.

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.

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