Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Tidewater (TDW) Share Price

Press coverage about Tidewater (NYSE:TDW) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tidewater earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.1877835920297 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Separately, Zacks Investment Research raised shares of Tidewater from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Tuesday, April 3rd.



TDW traded up $0.40 during trading hours on Thursday, reaching $34.33. 33,403 shares of the stock traded hands, compared to its average volume of 128,411. Tidewater has a fifty-two week low of $20.37 and a fifty-two week high of $34.44. The company has a quick ratio of 3.71, a current ratio of 3.84 and a debt-to-equity ratio of 0.43.

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

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About Tidewater

Tidewater Inc provides offshore service 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 exploration, field development, and production, 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, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.

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

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