Tidewater Inc. found using the ticker (TDW) now have 3 analysts covering the stock with the consensus suggesting a ‘Hold’ rating. The range between the target price high and the target price low is between 19 and 14 and has an average objective at 16. Given that the previous close of the shares was at 14.05, this indicates that there is potential upside by 13.9%. The 50-day MA is at 12.55 and the 200 moving average is now moving to 12.29. The company has a market capitalization of $578 million. Company website: https://www.tdw.com
The potential market capitalization would be $659 million based on market consensus.
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Tidewater Inc., together with its subsidiaries, provides offshore marine transportation and support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides support services for offshore oil and gas exploration, field development and production, and wind farm development and maintenance, including towing and anchor handling for units. offshore drilling mobiles; transport supplies and personnel necessary to support drilling, workover and production activities; offshore construction and seismic and subsea support; support for geotechnical studies for the construction of wind farms; and various specialized services, such as the laying of pipes and cables. The Company operates and charters deep-sea vessels, including rig supply vessels and anchor handling tugs for transporting supplies and equipment from shore bases to drilling platforms. and deep sea and intermediate water depth production platforms; Towing and supply vessels for use in intermediate and shallow waters; and crew boats, utility vessels, and offshore tugs to transport personnel and supplies from shore bases to offshore drilling rigs, platforms, and other facilities. It also operates offshore tugs to tow floating drilling rigs and barges; and assisting with the berthing of tankers, as well as the laying of pipes and cables, and construction barges. The Company serves oil and natural gas exploration, field development and production companies; small and medium-sized independent exploration and production companies; government owned or controlled organizations and other related companies; drilling contractors; and other businesses, such as offshore construction, wind farm development, diving and well stimulation. As of December 31, 2020, it owned or chartered 172 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.