Tidewater Inc. – Consensus Indicates Potential 19.4% Upside

Broker Ratings

Tidewater Inc. with ticker code (TDW) have now 2 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 52 and 50 with the average target price sitting at $51.00. Given that the stocks previous close was at $42.71 this is indicating there is a potential upside of 19.4%. Also worth taking note is the 50 day moving average now sits at $43.07 and the 200 day moving average is $29.91. The company has a market capitalization of $2,195m. You can visit the company’s website by visiting: https://www.tdw.com

The potential market cap would be $2,621m based on the market consensus.

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Tidewater Inc., together with its subsidiaries, provides offshore support 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 crude oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, 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; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying. The company operates anchor handling towing supply vessels, platform supply vessels, crew boats, utility vessels, and offshore tugs. The company serves oil and natural gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government-controlled organizations, and other related companies; drilling contractors; and other companies, such as offshore construction, windfarm development, diving, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

The company is not paying dividends at this time.

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