Tidewater (TDW) Getting Somewhat Favorable News Coverage, Report Shows

Media stories about Tidewater (NYSE:TDW) have been trending somewhat positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tidewater earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 46.373461801258 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Separately, Zacks Investment Research raised shares of Tidewater from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Wednesday.

Shares of TDW stock traded down $0.34 during mid-day trading on Thursday, hitting $28.55. The company had a trading volume of 72,496 shares, compared to its average volume of 132,428. Tidewater has a 52-week low of $20.37 and a 52-week high of $30.35. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.84 and a quick ratio of 3.71.

Tidewater (NYSE:TDW) last released its earnings results on Wednesday, March 14th. The oil and gas company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.77) by ($0.25). The firm had revenue of $104.45 million for the quarter, compared to analysts’ expectations of $106.50 million. During the same quarter in the previous year, the business earned ($0.94) earnings per share. The business’s quarterly revenue was down 19.2% on a year-over-year basis. analysts anticipate that Tidewater will post -3.42 earnings per share for the current fiscal year.

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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.

Insider Buying and Selling by Quarter for Tidewater (NYSE:TDW)

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