Revenue Update on Tidewater(NYSE:TDW)

Tidewater(NYSE:TDW) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $167.93M. Analysts estimated a revenue of $169.75M. Earnings per share were $-1.12. Analysts had estimated an EPS of $-0.74.

In a different note, On May 27, 2016, iBERIA Capital Partners said it Downgrades its rating on Tidewater. In the research note, the firm Lowers the price-target to $8.00 per share. The shares have been rated ‘Sector Perform’ by the firm.

Tidewater (TDW) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.30% at a volume of 18,45,154. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.33. The peak price level was also seen at $3.33 while the days lowest was $3.22. Finally the shares closed at $3.31. The 52-week high of the shares is $18.1 while the 52-week low is $3.18. According to the latest information available, the market cap of the company is $156 M.

Several Insider Transactions has been reported to the SEC. On Dec 2, 2015, Joseph M Bennett (Executive Vice President) purchased 10,000 shares at $9.36 per share price.Also, On Nov 30, 2015, Moulin Richard T Du (director) purchased 10,000 shares at $9.20 per share price.On Sep 9, 2015, Quinn P Fanning (Executive Vice President & CFO) sold 20,110 shares at $16.53 per share price, according to the Form-4 filing with the securities and exchange commission.

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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