Tidewater (TDW) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.87 per share a year ago.
Tidewater continues to deliver strong growth and margin improvement through strategic fleet management and geographic diversification despite external market risks. Robust liquidity, prudent debt management, and rising cash flows position TDW for sustainability and financial resilience, supporting further upside potential. Valuation metrics and DCF analysis indicate the stock remains undervalued, with technical indicators confirming ongoing bullish momentum and room for additional gains.
The consensus price target hints at a 27.1% upside potential for Tidewater (TDW). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
| - Industry | - Sector | Quintin V. Kneen CPA CEO | XFRA Exchange | US88642R1095 ISIN |
| US Country | 7,700 Employees | 15 Dec 2015 Last Dividend | 1 Aug 2017 Last Split | 30 Dec 1987 IPO Date |
Tidewater Inc., founded in 1956 and based in Houston, Texas, is a leading provider of offshore support vessels and marine services to the global offshore energy industry. The company operates an extensive fleet of marine service vessels worldwide, offering a range of services to support offshore oil and gas exploration, field development, production, and wind farm development and maintenance. Tidewater Inc. serves a diverse clientele, including integrated and independent oil and gas companies, offshore drilling contractors, offshore construction and windfarm development entities, as well as government-owned or controlled organizations and other related companies.
This service includes the towing of drilling units and handling their anchors, which is crucial for the positioning and securing of these units at drilling sites.
Tidewater provides essential logistic support by transporting supplies and personnel necessary to sustain drilling, workover, and production activities offshore, ensuring the smooth operation of energy exploration and production.
The company supports offshore construction projects and seismic research efforts with specialized vessels, aiding in the installation of infrastructures and the gathering of data for exploring energy sources beneath the sea floor.
Offering geotechnical survey support, Tidewater plays a critical role in the prep work for windfarm construction, assessing the suitability of seabed and environmental conditions.
These services cover a wide range of specialized needs such as pipe and cable laying essential for communications and power transmission in offshore setups, enhancing the infrastructure of offshore energy projects.
Vessels designed for towing and anchor handling, vital for the positioning and relocation of offshore platforms.
Ships that transport supplies to and from offshore rigs, including food, water, equipment, and personnel.
Fast transport vessels designed for quick personnel transfers, ensuring crews are efficiently shuttled between shore and offshore sites.
Multi-purpose vessels used for a wide range of support activities in offshore operations, from safety services to maintenance tasks.
Strong, robust vessels used for towing large structures like platforms or barges, crucial for construction and decommissioning phases.