Equities researchers at ISI Group boosted their target price on shares of Tidewater (NYSE:TDW) from $50.00 to $52.00 in a research report issued on Wednesday, AmericanBankingNews.com reports. The firm currently has a “cautious” rating on the stock. ISI Group’s price target indicates a potential downside of 16.14% from the stock’s previous close.
TDW has been the subject of a number of other recent research reports. Analysts at Howard Weil raised their price target on shares of Tidewater from $64.00 to $71.00 in a research note to investors on Wednesday. They now have a “sector outperform” rating on the stock. Separately, analysts at Barclays reiterated a “buy” rating on shares of Tidewater in a research note to investors on Wednesday. They now have a $71.00 price target on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Tidewater from $70.00 to $74.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Tidewater presently has a consensus rating of “Buy” and a consensus price target of $65.09.
Shares of Tidewater (NYSE:TDW) traded down 0.47% during mid-day trading on Wednesday, hitting $62.01. The stock had a trading volume of 228,897 shares. Tidewater has a 1-year low of $42.33 and a 1-year high of $63.19. The stock has a 50-day moving average of $59.84 and a 200-day moving average of $57.35. The company has a market cap of $3.053 billion and a price-to-earnings ratio of 20.82.
Tidewater (NYSE:TDW) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.21. The company had revenue of $367.94 million for the quarter, compared to the consensus estimate of $358.88 million. During the same quarter in the prior year, the company posted $0.83 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that Tidewater will post $3.94 earnings per share for the current fiscal year.
Tidewater Inc, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.