Tidewater (NYSE:TDW) Posts Quarterly Earnings Results
Tidewater (NYSE:TDW) posted its quarterly earnings results on Thursday. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.51) by $0.53, MarketWatch Earnings reports. Tidewater had a negative return on equity of 6.82% and a negative net margin of 50.98%. The business had revenue of $102.34 million for the quarter, compared to analyst estimates of $102.00 million. During the same period last year, the company earned ($0.42) EPS.
Shares of TDW stock opened at $6.22 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.73 and a quick ratio of 2.62. Tidewater has a 12-month low of $4.09 and a 12-month high of $23.46. The firm has a fifty day moving average of $5.74 and a 200-day moving average of $8.67.
Several equities analysts have weighed in on TDW shares. Zacks Investment Research lowered Tidewater from a “hold” rating to a “sell” rating in a research note on Friday, July 10th. ValuEngine raised Tidewater from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 1st.
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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