December 1, 2016 - By Ruchi Gupta · 0 Comments
Tidewater Inc (NYSE:TDW) institutional sentiment decreased to 0.88 in Q2 2016. Its down -0.02, from 0.9 in 2016Q1. The ratio dropped, as 64 investment professionals started new and increased stock positions, while 71 sold and decreased equity positions in Tidewater Inc. The investment professionals in our partner’s database now own: 46.08 million shares, down from 50.66 million shares in 2016Q1. Also, the number of investment professionals holding Tidewater Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 25 Reduced: 46 Increased: 53 New Position: 11.
Tidewater Inc. provides offshore service vessels and marine support services. The company has a market cap of $136.99 million. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. It currently has negative earnings. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities in the United States Gulf of Mexico , and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as activities of offshore Mexico, Trinidad and Brazil.
About 657,875 shares traded hands. Tidewater Inc. (NYSE:TDW) has declined 73.77% since April 28, 2016 and is downtrending. It has underperformed by 79.69% the S&P500.
Analysts await Tidewater Inc. (NYSE:TDW) to report earnings on February, 7. They expect $-1.13 EPS, down 1,514.29% or $1.06 from last year’s $-0.07 per share. After $-1.00 actual EPS reported by Tidewater Inc. for the previous quarter, Wall Street now forecasts 13.00% negative EPS growth.
According to Zacks Investment Research, “Tidewater, Inc. owns and operates one of the world’s largest fleets serving the international offshore energy industry. Tidewater vessels can be found in virtually every area of the world where there is significant oil and gas exploration, development or production. These provide a wide range of services including: transporting crews and supplies between the mainland and offshore locations; towing and positioning mobile drilling rigs; assisting in offshore construction projects; and a variety of specialized services including cable laying and 3-D seismic work.”
Robotti Robert holds 1.63% of its portfolio in Tidewater Inc. for 1.03 million shares. Lesa Sroufe & Co owns 395,817 shares or 1.53% of their US portfolio. Moreover, Eidelman Virant Capital has 1.29% invested in the company for 475,200 shares. The Ontario – Canada-based Sprucegrove Investment Management Ltd has invested 0.66% in the stock. Snow Capital Management Lp, a Pennsylvania-based fund reported 1.44 million shares.#img1#
Ratings analysis reveals 10% of Tidewater’s analysts are positive. Out of 10 Wall Street analysts rating Tidewater, 1 give it “Buy”, 2 “Sell” rating, while 7 recommend “Hold”. The lowest target is $4 while the high is $25. The stock’s average target of $13.06 is 406.20% above today’s ($2.58) share price. TDW was included in 16 notes of analysts from August 14, 2015. The rating was downgraded by Cowen & Co on Monday, January 11 to “Market Perform”. The stock has “Accumulate” rating given by Global Hunter Securities on Friday, August 14. The rating was downgraded by iBERIA Capital Partners on Friday, May 27 to “Sector Perform”. The firm has “Sector Perform” rating by Howard Weil given on Thursday, February 4. The firm has “Hold” rating given on Tuesday, December 22 by Argus Research. On Friday, May 27 the stock rating was downgraded by Iberia Capital Partners to “Sector Perform”. The company was downgraded on Wednesday, August 10 by Johnson Rice. On Thursday, November 5 the stock rating was maintained by Howard Weil with “Sector Perform”. Zacks upgraded Tidewater Inc. (NYSE:TDW) on Friday, September 4 to “Hold” rating. The company was downgraded on Tuesday, October 25 by Argus Research.
Tidewater Inc., incorporated on February 7, 1956, provides offshore service vessels and marine support services to the global offshore energy industry. The Firm operates a fleet of marine service vessels. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Company’s Americas segment includes the activities of the Company’s North American operations, which include activities 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 activities of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its activities in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company’s Sub-Saharan Africa/Europe segment includes activities conducted along the East and West Coasts of Africa, as well as activities in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.
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By Ruchi Gupta