Tidewater (NYSE:TDW) posted its quarterly earnings results on Thursday. The oil and gas company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.53, MarketWatch Earnings reports. The firm had revenue of $102.34 million for the quarter, compared to analyst estimates of $102.00 million. Tidewater had a negative net margin of 50.98% and a negative return on equity of 6.82%. During the same period in the previous year, the business posted ($0.42) earnings per share.
NYSE:TDW opened at $6.22 on Friday. The company has a current ratio of 2.73, a quick ratio of 2.62 and a debt-to-equity ratio of 0.27. The company’s 50-day moving average is $5.74 and its two-hundred day moving average is $8.67. Tidewater has a 1-year low of $4.09 and a 1-year high of $23.46.
TDW has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Tidewater from a “hold” rating to a “sell” rating in a research report on Friday, July 10th. ValuEngine upgraded shares of Tidewater from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 1st.
Tidewater Inc provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, 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; and various specialized services, such as pipe and cable laying.
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