Tidewater Inc. Common Stock (NYSE:TDW):
Tidewater Receives Limited Waiver Extensions from its Lenders and Noteholders.
The company is down since yesterday’s close of $1.675.
Company chares are trading at $1.60 barely below the 50 day moving average of $2.80 and a tad below the 200 day moving average of $4.63. The 50 day moving average was down $-1.20 and the 200 day average was down $-3.03.
As of the last earnings report the EPS was $-4.98 and is expected to be $-4.33 for the current year with 47,067,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $-1.12 with next year’s EPS projected to be $-4.18.
A few Wall Street analysts have released opinions on the stock recently. On October 25 the company was downgraded to “Sell” from “Hold” by Argus Research. On May 27 the stock rating was downgraded from “” to “Sector Perform” with a current price target of $4.00 in a report from iBERIA Capital Partners.
On March 8 the stock rating was downgraded from “Neutral” to “Sell” by analysts at Clarkson Platou. On January 11 the stock rating was downgraded to “Market Perform” from “Outperform” in a statement from Cowen & Company.
On December 22 the company was changed to a “Hold” by Argus Research a cut from the previous “Buy” rating. Equity analyst Global Hunter both downgraded the stock and lowered the price target on August 14 cutting the price target from $28.00 to $19.00 and cutting the rating from “Accumulate” to “Neutral”.