In a report released yesterday, Gregory Lewis from BTIG maintained a Buy rating on Tidewater (TDW – Research Report), with a price target of $90.00. The company’s shares opened today at $72.50.
Lewis covers the Energy sector, focusing on stocks such as Frontline, Scorpio Tankers, and Transocean. According to TipRanks, Lewis has an average return of -1.2% and a 47.42% success rate on recommended stocks.
Tidewater has an analyst consensus of Moderate Buy, with a price target consensus of $90.00.
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Based on Tidewater’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $299.26 million and a net profit of $26.2 million. In comparison, last year the company earned a revenue of $191.76 million and had a net profit of $5.38 million
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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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