Tidewater (NYSE:TDW) Posts Earnings Results, Misses Expectations By $1.06 EPS

Tidewater (NYSE:TDW) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($1.06), Zacks reports. Tidewater had a return on equity of 18.16% and a net margin of 13.92%. Tidewater updated its FY 2025 guidance to EPS.

Tidewater Trading Up 1.9 %

Tidewater stock traded up $0.93 during midday trading on Thursday, reaching $48.77. 1,767,577 shares of the stock traded hands, compared to its average volume of 995,762. The firm has a market cap of $2.55 billion, a PE ratio of 14.34 and a beta of 1.04. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The company has a 50-day simple moving average of $53.75 and a two-hundred day simple moving average of $61.94. Tidewater has a 12-month low of $46.50 and a 12-month high of $111.42.

Wall Street Analysts Forecast Growth

TDW has been the topic of several research analyst reports. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and dropped their price objective for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. StockNews.com upgraded Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Raymond James cut Tidewater from a “strong-buy” rating to an “outperform” rating and lowered their target price for the stock from $131.00 to $102.00 in a report on Monday, November 11th. DNB Markets began coverage on shares of Tidewater in a report on Friday, November 29th. They issued a “buy” rating and a $70.00 price objective for the company. Finally, Pickering Energy Partners cut Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.50.

Insiders Place Their Bets

In other Tidewater news, CEO Quintin Kneen acquired 41,615 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $48.06 per share, for a total transaction of $2,000,016.90. Following the completion of the acquisition, the chief executive officer now owns 176,239 shares of the company’s stock, valued at approximately $8,470,046.34. This trade represents a 30.91 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.33% of the company’s stock.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.