Short Term Rating on Tidewater (TDW)

Tidewater (TDW) : The consensus on Tidewater (TDW) based on 8 analyst recommendation on the company stock is 3.34, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Tidewater (TDW).

Tidewater (TDW) : The highest short term price target forecast on Tidewater (TDW) is $9 and the lowest target price is $4. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $6 with a standard deviation of $1.64.

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


Tidewater (NYSE:TDW): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $4.85 and $4.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.18. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.10, notching a gain of 9.21% for the day. The total traded volume was 1,934,673 . The stock had closed at $4.67 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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