New Orleans-based Tidewater Inc. emerges from bankruptcy protection

Judith Bessette
Agosto 2, 2017

The fund owned 375,854 shares of the oil and gas company's stock after buying an additional 12,576 shares during the period. Wall Street is only getting more bearish on the stock, with 0 of analysts who cover TDW having a buy-equivalent rating.

Tidewater Inc., a New Orleans-based offshore service vessel company, has emerged from bankruptcy protection under a prepackaged plan that wiped out an estimated $1.6 billion in debt and eliminated $73 million in annual interest and operating lease expenses. The business had revenue of $160.75 million for the quarter, compared to analyst estimates of $118.75 million.

A number of hedge funds have recently made changes to their positions in TDW. Bank of New York Mellon Corp raised its stake in Tidewater by 391.0% in the first quarter. On average, equities research analysts anticipate that Tidewater will post ($5.40) EPS for the current fiscal year. Finally, Janney Montgomery Scott LLC increased its position in shares of Tidewater by 34.1% in the first quarter.

Its 52-week range quite noticeable, lower range was $35.58% and hit highest level of $-1.04%.

Some buy side analysts are also providing their Analysis on Tidewater Inc., where 0 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 2 said it's a HOLD, 1 reported it as Underperform and 1 analysts rated the stock as Sell. Also, the current price highlights a discount of 60.61% to analysts' high consensus price target. OppenheimerFunds Inc. now owns 526,225 shares of the oil and gas company's stock worth $605,000 after buying an additional 414,142 shares in the last quarter.

BJP demands Mamata's ''explanation or resignation'' over corruption charges against nephew
Every household is entitled to 12 cylinders of 14.2-kg each at subsidised rates in a year. They must not forget that those playing with fire can also be burned by it.

Principal Financial Group Inc. boosted its stake in shares of Tidewater Inc.

COPYRIGHT VIOLATION NOTICE: "Tidewater Inc". JPMorgan Chase & Co. now owns 115,513 shares of the oil and gas company's stock worth $133,000 after buying an additional 96,350 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Tidewater by 30.1% in the first quarter. (TDW) now trades with a market capitalization of $45.20 Million. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of USA and worldwide trademark and copyright laws. (NYSE:TDW) from a hold rating to a buy rating in a research note released on Wednesday, July 19th. Institutional investors own 79.41% of the company's stock.

Tidewater Marine Service was formed in the 1950s by a group of investors, led by the Laborde family, who developed the first offshore service vessel that was created to support the nascent offshore drilling industry.

Among 44 analysts covering Workday (NYSE:WDAY), 15 have Buy rating, 4 Sell and 25 Hold. The Firm operates through four divisions: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Gam Holding Ag, a Switzerland-based fund reported 20,000 shares. The Company's Americas segment includes the activities of the Company's North American operations, which include activities in the United States Gulf of Mexico, and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as activities of offshore Mexico, Trinidad and Brazil.

Outros relatórios LazerEsportes

Discuta este artigo

SIGA O NOSSO JORNAL