News coverage about Tidewater (NYSE:TDW) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tidewater earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.2252850616056 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Have you have ever been ‘Intexticated?’ Time to find out (wydaily.com)
- Aspiriant Lowered By $463014 Its Amgen (AMGN) Stake; Tidewater (TDW) Sellers Decreased By 2.02% Their Shorts (mtastar.com)
- Basic Materials Stock Buzz: Tidewater Inc. (TDW) (stocksgeeks.com)
- James Lewis Bryant Sr. (tidewaternews.com)
- Tidewater (TDW) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Separately, Zacks Investment Research lowered shares of Tidewater from a “buy” rating to a “hold” rating in a report on Saturday.
NYSE TDW traded down $0.23 during mid-day trading on Monday, hitting $32.32. The company’s stock had a trading volume of 11,757 shares, compared to its average volume of 129,723. Tidewater has a 52-week low of $20.37 and a 52-week high of $32.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.71 and a current ratio of 3.84.
Tidewater (NYSE:TDW) last posted its quarterly earnings results on Wednesday, March 14th. The oil and gas company reported ($1.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.25). The company had revenue of $104.45 million for the quarter, compared to analysts’ expectations of $106.50 million. During the same quarter last year, the firm earned ($0.94) EPS. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. equities analysts anticipate that Tidewater will post -3.42 earnings per share for the current year.
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Tidewater Company Profile
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.
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