Press coverage about Tidewater (NYSE:TDW) has been trending somewhat positive this week, Alpha One reports. The research firm, a service of Accern, identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tidewater earned a news sentiment score of 0.03 on Alpha One’s scale. Alpha One also assigned press coverage about the oil and gas company an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected AlphaOne Sentiment’s analysis:
- Watching the Numbers for Tidewater Inc. (NYSE:TDW) – Geneva Journal (genevajournal.com)
- Tidewater Receives Continued Listing Standards Notice from the New York Stock Exchange (finance.yahoo.com)
- Impending closure of Mid-Market food hall paves way for future mixed-use development (feeds.bizjournals.com)
- Tidewater (TDW) Receives Media Impact Rating of 0.10 (americanbankingnews.com)
- Tidewater Inc. : Receives $3.17 Consensus Target Price from Brokerages (4-traders.com)
Separately, Zacks Investment Research raised Tidewater from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Thursday, January 12th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average target price of $3.38.
Shares of Tidewater (NYSE:TDW) traded down 5.54% during mid-day trading on Friday, reaching $0.81. The company had a trading volume of 1,117,161 shares. Tidewater has a one year low of $0.80 and a one year high of $9.37. The stock’s market capitalization is $38.13 million. The firm has a 50 day moving average of $0.98 and a 200-day moving average of $2.12.
Tidewater (NYSE:TDW) last issued its quarterly earnings data on Tuesday, February 7th. The oil and gas company reported ($1.00) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.16) by $0.16. Tidewater had a negative return on equity of 8.48% and a negative net margin of 103.52%. The business had revenue of $129.20 million for the quarter, compared to the consensus estimate of $139.13 million. During the same period in the prior year, the business posted ($0.21) earnings per share. The company’s quarterly revenue was down 40.8% compared to the same quarter last year. Analysts forecast that Tidewater will post ($4.55) EPS for the current fiscal year.
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.
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