3-May-2024
SMLP, TDW among major energy gainers; BOOM, DMLP major losers
Seeking Alpha News (Fri, 3-May 2:00 PM ET)
Tidewater surges to record intraday high after easy Q1 earnings beat
Seeking Alpha News (Fri, 3-May 12:13 PM ET)
Tidewater GAAP EPS of $0.89 beats by $0.32, revenue of $321M beats by $8.91M
Seeking Alpha News (Thu, 2-May 4:32 PM ET)
Tidewater Reports Results for the Three Months Ended March 31, 2024
Business Wire (Thu, 2-May 4:14 PM ET)
Tidewater Announces Earnings Release and Conference Call
Business Wire (Thu, 25-Apr 5:22 PM ET)
Tidewater Announces Publication of 2023 Sustainability Report
Business Wire (Tue, 5-Mar 5:15 PM ET)
Tidewater Reports Results for the Three and Twelve Months Ended December 31, 2023
Business Wire (Thu, 29-Feb 4:13 PM ET)
Tidewater Announces Earnings Conference Call
Business Wire (Thu, 22-Feb 6:00 PM ET)
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 May 3, 2024, TDW stock price climbed to $106.51 with 2,439,336 million shares trading.
TDW has a beta of 0.69, meaning it tends to be less sensitive to market movements. TDW has a correlation of 0.04 to the broad based SPY ETF.
TDW has a market cap of $5.61 billion. This is considered a Mid Cap stock.
Last quarter Tidewater reported $321 million in Revenue and $.89 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.27.
In the last 3 years, TDW stock traded as high as $107.45 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 price return of +169.0% while the SPY ETF gained +27.0%. TDW has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +62.4% and +19.0%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
TDW support price is $91.35 and resistance is $96.44 (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.