Tidewater
About: Tidewater Inc provides offshore service vessels and marine support services to the offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations, and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.
Employees: 7,300
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
35% more call options, than puts
Call options by funds: $60.6M | Put options by funds: $44.9M
5% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 59
1.13% less ownership
Funds ownership: 101.81% [Q2] → 100.68% (-1.13%) [Q3]
2% less funds holding
Funds holding: 311 [Q2] → 304 (-7) [Q3]
13% less repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 112
26% less capital invested
Capital invested by funds: $5.11B [Q2] → $3.79B (-$1.33B) [Q3]
31% less funds holding in top 10
Funds holding in top 10: 13 [Q2] → 9 (-4) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$68
22%
upside
Avg. target
$85
53%
upside
High target
$102
83%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Evercore ISI Group James West 50% 1-year accuracy 19 / 38 met price target | 22%upside $68 | In-Line Downgraded | 15 Jan 2025 |
Raymond James James Rollyson 47% 1-year accuracy 7 / 15 met price target | 83%upside $102 | Outperform Downgraded | 11 Nov 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
Tidewater: Offsetting Lower Utilization Rates With Higher Pricing
Tidewater owns and operates a fleet of 216 vessels primarily used by the offshore oil and gas industry. Tidewater is by far the largest player in the offshore service vessels (OSV) industry, especially after the acquisitions of Swire Pacific Offshore and Solstad Offshore. The order book in the OSV industry represents approximately 3.0% of the global fleet.
Neutral
MarketBeat
1 month ago
Oil's Rally Could Boost These 3 Shipping Stocks
Plenty of vertical industries will see increases in volatility when and if oil prices begin to move away from the cyclical lows they currently trade at. While some investors might see volatility as potentially dangerous, those who have been in the stock market long enough understand that volatility allows money to be made as long as the original idea behind a trade is sound enough.
Negative
Seeking Alpha
2 months ago
Tidewater: Weak Offshore Drilling Activity Impacts Near-Term Outlook - Hold
Leading offshore service vessel provider Tidewater reported weaker than expected Q3/2024 results, with both top- and bottom-line numbers coming in below consensus expectations. While revenue and profitability eclipsed previous multi-year highs, fleet utilization was disappointing. Management attributed the underperformance to a mix of project delays, higher-than-expected drydocking requirements, and increased customer caution.
Positive
Benzinga
2 months ago
Top 4 Energy Stocks That Could Blast Off In November
The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.
Neutral
Seeking Alpha
2 months ago
Tidewater Inc. (TDW) Q3 2024 Earnings Call Transcript
Tidewater Inc. (NYSE:TDW ) Q3 2024 Earnings Conference Call November 8, 2024 9:00 AM ET Company Participants West Gotcher - VP, Finance and IR Quintin Kneen - President and CEO Piers Middleton - CCO Samuel Rubio - CFO Conference Call Participants Jim Rollyson - Raymond James David Smith - Pickering Energy Partners Greg Lewis - BTIG Don Crist - Johnson Rice James West - Evercore Fredrik Stene - Clarksons Securities Operator Thank you for standing by. My name is Novi, and I'll be your operator today.
Positive
Zacks Investment Research
2 months ago
Tidewater (TDW) Beats Q3 Earnings and Revenue Estimates
Tidewater (TDW) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.77 per share a year ago.
Neutral
Business Wire
2 months ago
Tidewater Reports Results for the Three and Nine Months Ended September 30, 2024
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE:TDW) announced today revenue for the three and nine months ended September 30, 2024 of $340.4 million and $1,000.8 million, respectively, compared with $299.3 million and $707.3 million, respectively, for the three and nine months ended September 30, 2023. Tidewater's net income for the three and nine months ended September 30, 2024, was $46.4 million ($0.87 per common share) and $143.8 million ($2.70 per common share), respectively, compared with.
Neutral
Business Wire
2 months ago
Tidewater Announces Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (“Tidewater” or the “Company”) announced today that it will release financial results for the three months ending September 30, 2024, on Thursday, November 7, 2024 after market close. An earnings conference call has been scheduled for Friday, November 8, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending September 30, 2024. Investors and interested.
Neutral
Seeking Alpha
2 months ago
Tidewater: Best Shipping Sector Outlook With An Attractive Entry Price
The OSV outlook is one of the most interesting in the shipping industry. The order book is nearly zero, and there are only a few laid-up vessels available. After the recent sell-off, Tidewater is trading at interesting price levels. Due to volatile oil prices, next year could face more headwinds than before; however, the long-term outlook is promising.
Neutral
MarketBeat
3 months ago
3 Dependable Stocks Ready to Dominate Your Portfolio
There are two ways to interpret global events happening right now, from a weakening state in consumer discretionary trends to the geopolitical conflicts taking place in the Middle East. The first and most common is to read about them in the news and never think of them again.
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