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Tidewater Inc. (NYSE: TDW) Loss Of -13.60 Percent Over The Past 30 Days: Any Trouble To Come?

Tidewater Inc. (NYSE:TDW)’s traded shares stood at 1.58 million during the last session, with the company’s beta value hitting 1.38. At the close of trading, the stock’s price was $39.71, to imply a decrease of -0.25% or -$0.1 in intraday trading. The TDW share’s 52-week high remains $51.88, putting it -30.65% down since that peak but still an impressive 55.91% since price per share fell to its 52-week low of $17.51. The company has a valuation of $2.06B, with an average of 0.98 million shares in intraday trading volume over the past 10 days and average of 824.88K shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Tidewater Inc. (TDW), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give TDW a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.23.

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Tidewater Inc. (NYSE:TDW) trade information

After registering a -0.25% downside in the last session, Tidewater Inc. (TDW) has traded red over the past five days. The stock hit a weekly high of 45.29 this Friday, 03/17/23, dropping -0.25% in its intraday price action. The 5-day price performance for the stock is -13.37%, and -13.60% over 30 days. With these gigs, the year-to-date price performance is 7.76%. Short interest in Tidewater Inc. (NYSE:TDW) saw shorts transact 1.96 million shares and set a 2.6 days time to cover.

Analysts on Wall Street suggest a consensus price target of $51.00, implying an increase of 22.14% to the stock’s current value. The extremes give us $50.00 and $52.00 for target low and target high price respectively. As such, TDW has been trading -30.95% off suggested target high and -25.91% from its likely low.

Tidewater Inc. (TDW) estimates and forecasts

Revenue is forecast to grow 182.10% this quarter before jumping 253.60% for the next one. The rating firms project that company’s revenue will grow 77.10% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is $196.2 million. Meanwhile, for the quarter ending Mar 2023, a total of 1 analyst(s) estimate revenue growth to $199 million.Earnings reports from the last fiscal year show that sales brought in $105.17 million and $105.73 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 86.50% before jumping 88.20% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 63.60% for the past 5-year period. While 2023 is set for a 84.30% return in earnings, projections for the next 5 years are at 5.00% annually.

TDW Dividends

Tidewater Inc. has its next earnings report out between May 08 and May 12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Tidewater Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Tidewater Inc. (NYSE:TDW)’s Major holders

Tidewater Inc. insiders hold 1.44% of total outstanding shares, with institutional holders owning 87.97% of the shares at 89.25% float percentage. In total, 87.97% institutions holds shares in the company, led by Price (T.Rowe) Associates Inc. As of Dec 30, 2022, the company held over 8.1 million shares (or 16.02% of shares), all amounting to roughly $321.63 million.

The next major institution holding the largest number of shares is Robotti Robert with 3.7 million shares, or about 7.32% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $146.95 million.

We also have Price (T.Rowe) Mid-Cap Value Fund and Price (T.Rowe) Mid-Cap Value Equity Trust as the top two Mutual Funds with the largest holdings of the Tidewater Inc. (TDW) shares. Going by data provided on Sep 29, 2022, Price (T.Rowe) Mid-Cap Value Fund holds roughly 4.96 million shares. This is just over 10.67% of the total shares, with a market valuation of $197.11 million. Data from the same date shows that the other fund manager holds a little less at 2.1 million, or 4.51% of the shares, all valued at about 83.25 million.

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