TDW Stock Summary and Trading Ideas (Tidewater | NYSE:TDW)

Tidewater Inc provides offshore service vessels and marine support services to the offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations, and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.

Tidewater trades on the NYSE stock market under the symbol TDW.

As of April 25, 2024, TDW stock price climbed to $93.17 with 59,073 million shares trading.

TDW has a beta of 0.64, meaning it tends to be less sensitive to market movements. TDW has a correlation of 0.03 to the broad based SPY ETF.

TDW has a market cap of $4.92 billion. This is considered a Mid Cap stock.

Last quarter Tidewater reported $303 million in Revenue and $.70 earnings per share. This fell short of revenue expectation by $-7 million and missed earnings estimates by -$.09.

In the last 3 years, TDW stock traded as high as $101.10 and as low as $9.75.

The top ETF exchange traded funds that TDW belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

TDW has outperformed the market in the last year with a return of +102.4%, while the SPY ETF gained +22.7%. In the last 3 month period, TDW beat the market returning +27.0%, while SPY returned +3.2%. However, in the most recent 2 weeks TDW has underperformed the stock market by returning -6.0%, while SPY returned -2.8%.

TDW support price is $90.23 and resistance is $95.11 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TDW stock will trade within this expected range on the day.