Tidewater (NYSE:TDW) Shares Climb 5% – Still a Buy?

Tidewater Inc. (NYSE:TDW)’s share price shot up 5% during mid-day trading on Tuesday. The stock traded as high as $74.74 and last traded at $74.60. 476,031 shares changed hands during trading, a decline of 35% from the average session volume of 736,606 shares. The stock had previously closed at $71.06.

Key Headlines Impacting Tidewater

Here are the key news stories impacting Tidewater this week:

• Positive Sentiment: Stronger 2027 outlook: Tidewater initiated full-year 2027 revenue guidance of $1.70 billion to $1.75 billion, broadly in line with or above the roughly $1.7 billion consensus, and forecast margins of 51% to 53%. Its 2026 revenue outlook is $1.43 billion to $1.44 billion, near expectations. Tidewater updates 2026 guidance and initiates 2027 guidance
• Positive Sentiment: Revenue and cash flow grew: Third-quarter revenue increased 5.7% year over year to $360.4 million, slightly above one reported analyst estimate. Operating cash flow rose 37.4% to $75.2 million, while average day rates increased sequentially. Tidewater also repurchased about $25 million of shares, with $475 million remaining under its authorization. Tidewater reports third-quarter revenue and net income
• Negative Sentiment: EPS missed expectations: Diluted earnings were $0.35 per share, below analyst estimates ranging from $0.64 to $0.72, and down from $0.53 a year earlier. Higher costs and lower operating profit weighed on results, making the earnings shortfall a key counterpoint to the growth and guidance news. Tidewater lags Q3 earnings estimates

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Tidewater from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, November 4th. Barclays increased their target price on Tidewater from $86.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $120.00 price objective on shares of Tidewater in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Tidewater presently has an average rating of “Moderate Buy” and a consensus target price of $98.25.

Tidewater Stock Up 5.0%

The company has a debt-to-equity ratio of 0.47, a current ratio of 3.58 and a quick ratio of 3.47. The stock’s fifty day simple moving average is $84.91 and its two-hundred day simple moving average is $79.59. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 15.11 and a beta of 0.63.

Tidewater (NYSE:TDW) last posted its earnings results on Monday, November 9th. The oil and gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.37). The company had revenue of $360.42 million for the quarter, compared to the consensus estimate of $358.77 million. Tidewater had a net margin of 18.34% and a return on equity of 5.36%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. On average, sell-side analysts predict that Tidewater Inc. will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Tidewater

In other news, EVP Samuel Rubio sold 17,705 shares of Tidewater stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.56, for a total transaction of $1,621,069.80. Following the sale, the executive vice president owned 33,214 shares of the company’s stock, valued at approximately $3,041,073.84. The trade was a 34.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel Hudson sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $99.08, for a total value of $1,486,200.00. Following the transaction, the executive vice president owned 33,029 shares of the company’s stock, valued at $3,272,513.32. This trade represents a 31.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 42,705 shares of company stock worth $4,097,270. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TDW. Voya Investment Management LLC raised its holdings in shares of Tidewater by 4,620.2% in the 3rd quarter. Voya Investment Management LLC now owns 601,215 shares of the oil and gas company’s stock worth $48,759,000 after purchasing an additional 588,478 shares in the last quarter. Public Sector Pension Investment Board lifted its stake in Tidewater by 146.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 390,768 shares of the oil and gas company’s stock worth $34,157,000 after acquiring an additional 231,924 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Tidewater by 1.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 32,996 shares of the oil and gas company’s stock worth $2,676,000 after purchasing an additional 351 shares during the period. Fifth Third Bancorp grew its holdings in shares of Tidewater by 12.7% during the 3rd quarter. Fifth Third Bancorp now owns 65,889 shares of the oil and gas company’s stock valued at $5,344,000 after acquiring an additional 7,415 shares in the last quarter. Finally, Maryland State Retirement & Pension System increased its position in Tidewater by 52.7% in the 3rd quarter. Maryland State Retirement & Pension System now owns 10,273 shares of the oil and gas company’s stock worth $833,000 after purchasing an additional 3,544 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

About Tidewater

Tidewater Inc. provides offshore support vessels and related marine services to the energy industry. Its vessels transport personnel, equipment and supplies between shore bases and offshore facilities, and support activities such as anchor handling, towing, platform operations and offshore construction. The company operates a diverse fleet that includes platform supply vessels, anchor-handling tug supply vessels, crew boats and other specialized vessels. These services help customers carry out offshore exploration, development and production, as well as certain renewable-energy and subsea projects.