Tidewater Inc. (NYSE:TDW) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 13,534,810 shares, a decrease of 21.2% from the October 14th total of 17,167,958 shares. Currently, 29.9% of the shares of the company are short sold. Based on an average trading volume of 3,348,798 shares, the short-interest ratio is presently 4.0 days.

TDW has been the topic of several research reports. Credit Suisse Group AG set a $1.00 price target on shares of Tidewater and gave the company a “hold” rating in a research note on Tuesday, November 8th. Argus downgraded shares of Tidewater from a “hold” rating to a “sell” rating in a research note on Tuesday, October 25th. Zacks Investment Research upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Thursday. Johnson Rice downgraded shares of Tidewater from an “accumulate” rating to a “hold” rating in a research note on Wednesday, August 10th. Finally, Morgan Stanley set a $4.50 price target on shares of Tidewater and gave the company a “sell” rating in a research note on Thursday, August 11th. Three research analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Tidewater presently has an average rating of “Hold” and a consensus price target of $6.69.

A number of large investors have recently made changes to their positions in the company. Arizona State Retirement System raised its stake in shares of Tidewater by 1.2% in the second quarter. Arizona State Retirement System now owns 24,432 shares of the company’s stock valued at $108,000 after buying an additional 300 shares during the period. California State Teachers Retirement System raised its stake in shares of Tidewater by 0.8% in the third quarter. California State Teachers Retirement System now owns 100,154 shares of the company’s stock valued at $282,000 after buying an additional 800 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Tidewater by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 219,263 shares of the company’s stock valued at $618,000 after buying an additional 882 shares during the period. Kanawha Capital Management LLC raised its stake in shares of Tidewater by 2.0% in the second quarter. Kanawha Capital Management LLC now owns 85,450 shares of the company’s stock valued at $377,000 after buying an additional 1,700 shares during the period. Finally, BlackRock Group LTD raised its stake in shares of Tidewater by 3.2% in the third quarter. BlackRock Group LTD now owns 64,209 shares of the company’s stock valued at $180,000 after buying an additional 1,961 shares during the period.

Tidewater (NYSE:TDW) opened at 2.23 on Friday. The stock has a 50 day moving average of $2.39 and a 200-day moving average of $4.18. The company’s market cap is $104.96 million. Tidewater has a 12-month low of $1.44 and a 12-month high of $11.58.

Tidewater (NYSE:TDW) last announced its quarterly earnings data on Monday, November 7th. The company reported ($3.79) earnings per share for the quarter, missing the consensus estimate of ($1.08) by $2.71. Tidewater had a negative return on equity of 5.91% and a negative net margin of 51.66%. The firm earned $143.70 million during the quarter, compared to analysts’ expectations of $157.64 million. During the same period last year, the business posted ($0.02) EPS. The company’s revenue was down 47.1% compared to the same quarter last year. On average, equities research analysts anticipate that Tidewater will post ($4.40) earnings per share for the current fiscal year.

Tidewater Company Profile

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s 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 of offshore Mexico, Trinidad and Brazil.

5 Day Chart for NYSE:TDW

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