Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tidewater (TDW) Share Price

Media stories about Tidewater (NYSE:TDW) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tidewater earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 46.8471975354017 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

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Separately, Zacks Investment Research raised Tidewater from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday.

Shares of NYSE TDW traded down $0.28 during mid-day trading on Friday, hitting $28.61. The stock had a trading volume of 78,197 shares, compared to its average volume of 128,774. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.84 and a quick ratio of 3.71. Tidewater has a twelve month low of $20.37 and a twelve month high of $30.35.

Tidewater (NYSE:TDW) last released its earnings results on Wednesday, March 14th. The oil and gas company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.25). The company had revenue of $104.45 million during the quarter, compared to analysts’ expectations of $106.50 million. During the same quarter last year, the firm posted ($0.94) earnings per share. Tidewater’s revenue for the quarter was down 19.2% compared to the same quarter last year. sell-side analysts forecast that Tidewater will post -3.42 EPS for the current fiscal year.

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Tidewater Company Profile

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.

Insider Buying and Selling by Quarter for Tidewater (NYSE:TDW)

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