BTIG analyst Gregory Lewis maintained a Buy rating on Tidewater (TDW – Research Report) on December 28 and set a price target of $90.00. The company’s shares closed last Friday at $72.11.
According to TipRanks, Lewis is an analyst with an average return of -1.2% and a 47.42% success rate. Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tidewater with a $90.00 average price target.
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TDW market cap is currently $3.77B and has a P/E ratio of 53.81.
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Tidewater (TDW) Company Description:
Tidewater, Inc. engages in the provision of offshore marine support and transportation services to the offshore energy industry. It includes towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover and production activities; offshore construction and seismic and subsea support; and a variety of specialized services such as pipe and cable laying. It operates through the following segments: Americas; West Africa; Europe and the Mediterranean Sea; and Middle East and Asia Pacific. The company was founded in 1956 and is headquartered in Houston, TX.
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