Tidewater Inc. – Consensus Says Potential Rise of 33.3%


Tidewater Inc. with ticker code (TDW) now have 3 total analysts covering the stock. The consensus rating is “Buy”. The target price is between 19 and 12 and has an average target of 15.33. With the stock’s previous close at 11.5, this indicates that there is upside potential of 33.3%. The 50 day MA is 11.12 while the 200 day moving average is 12.42. The company’s market capitalization is $ 452 million. You can visit the company’s website by visiting: http://www.tdw.com

Tidewater Inc., along with its subsidiaries, provides offshore marine transportation and support services to the offshore energy industry through the operation of a fleet of marine service vessels around the world. It provides services in support of offshore oil and gas exploration, field development and production, as well as wind farm development and maintenance, including towing and handling of anchors for mobile offshore drilling units; transportation of supplies and personnel necessary to support drilling, reconditioning and production activities; offshore construction and seismic and subsea support; support for geotechnical studies for the construction of wind farms; and various specialized services, such as laying pipes and cables. The company operates and charters deep-sea vessels, including platform supply and anchor handling supply vessels for transporting supplies and equipment from coastal bases to offshore drilling platforms and deep and intermediate water production platforms; supply tugs intended for use in intermediate and shallow waters; and crew boats, utility vessels and offshore tugs to transport personnel and supplies from onshore bases to offshore drilling platforms, platforms and other facilities. It also operates offshore tugs for the towing of floating drilling platforms and barges; and assist in the mooring of tankers, as well as the laying of pipes and cables and construction barges. The Company serves companies in the exploration, field development and production of oil and natural gas; small and medium-sized independent exploration and production companies; organizations owned or controlled by the government and other related companies; drilling contractors; and other businesses, such as offshore construction, wind farm development, diving and well stimulation companies. As of December 31, 2020, it owned or chartered 172 vessels. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

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