Research Analysts Set Expectations for Tidewater Inc.’s Q2 2020 Earnings (NYSE:TDW)

Tidewater Inc. (NYSE:TDW) – Analysts at Capital One Financial issued their Q2 2020 earnings estimates for Tidewater in a research note issued to investors on Monday, July 6th. Capital One Financial analyst L. Lemoine forecasts that the oil and gas company will earn ($0.39) per share for the quarter. Capital One Financial also issued estimates for Tidewater’s Q3 2020 earnings at ($0.46) EPS and Q4 2020 earnings at ($0.55) EPS.

Tidewater (NYSE:TDW) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.08. The company had revenue of $116.37 million for the quarter, compared to analyst estimates of $115.20 million. Tidewater had a negative net margin of 28.80% and a negative return on equity of 8.24%.

TDW has been the topic of a number of other reports. Zacks Investment Research downgraded Tidewater from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. ValuEngine raised shares of Tidewater from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st.

NYSE TDW opened at $5.29 on Tuesday. Tidewater has a fifty-two week low of $4.09 and a fifty-two week high of $23.58. The stock’s 50-day moving average is $5.75 and its two-hundred day moving average is $10.21. The firm has a market cap of $226.21 million, a P/E ratio of -1.49 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.73 and a quick ratio of 2.62.

Several large investors have recently modified their holdings of TDW. O Keefe Stevens Advisory Inc. bought a new position in shares of Tidewater in the second quarter worth about $1,631,000. State Street Corp grew its holdings in Tidewater by 3.3% in the 1st quarter. State Street Corp now owns 886,982 shares of the oil and gas company’s stock valued at $6,280,000 after buying an additional 28,711 shares during the last quarter. Guggenheim Capital LLC bought a new position in Tidewater in the 1st quarter worth approximately $75,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of Tidewater by 61.0% during the first quarter. Public Employees Retirement Association of Colorado now owns 13,576 shares of the oil and gas company’s stock worth $96,000 after buying an additional 5,142 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Tidewater in the first quarter valued at approximately $309,000. 87.96% of the stock is currently owned by institutional investors.

Tidewater Company Profile

Tidewater Inc provides offshore marine support and transportation 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, and seismic and subsea support; and various specialized services, such as pipe and cable laying.

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