The growth track for Tidewater Inc. (TDW) has changed recently

Tidewater Inc. (NYSE: TDW) stock fell -1.59% on Friday to $67.60 against a previous-day closing price of $68.69. With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.9 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $68.76 whereas the lowest price it dropped to was $66.72. The 52-week range on TDW shows that it touched its highest point at $73.16 and its lowest point at $20.02 during that stretch. It currently has a 1-year price target of $76.80. Beta for the stock currently stands at 1.41.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TDW was down-trending over the past week, with a drop of -2.06%, but this was up by 10.66% over a month. Three-month performance surged to 53.67% while six-month performance rose 69.81%. The stock gained 163.24% in the past year, while it has gained 83.45% so far this year. A look at the trailing 12-month EPS for TDW yields 0.96 with Next year EPS estimates of 7.23. For the next quarter, that number is 1.30. This implies an EPS growth rate of 84.30% for this year and 114.96% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 63.60%.

Float and Shares Shorts:

At present, 52.67 million TDW shares are outstanding with a float of 51.72 million shares on hand for trading. On Aug 30, 2023, short shares totaled 3.37 million, which was 6.40% higher than short shares on Jul 30, 2023. In addition to Mr. Quintin V. Kneen as the firm’s Pres, CEO & Director, Mr. Samuel R. Rubio serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 89.44% of TDW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 44.30% of TDW, in contrast to 38.07% held by mutual funds. Shares owned by individuals account for 14.95%. As the largest shareholder in TDW with 10.94% of the stake, T. Rowe Price Associates, Inc. holds 5,760,609 shares worth 5,760,609. A second-largest stockholder of TDW, Robotti & Co. Advisors LLC, holds 3,235,657 shares, controlling over 6.14% of the firm’s shares. Neuberger Berman Investment Advis is the third largest shareholder in TDW, holding 3,028,544 shares or 5.75% stake. With a 7.17% stake in TDW, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 3,778,036 shares are owned by the mutual fund manager. The Neuberger Berman Genesis Fund, which owns about 3.60% of TDW stock, is the second-largest Mutual Fund holder. It holds 1,898,115 shares valued at 123.43 million. Vanguard Total Stock Market ETF holds 2.71% of the stake in TDW, owning 1,425,384 shares worth 92.69 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, TDW reported revenue of $163.45M and operating income of $3.14M. The EBITDA in the recently reported quarter was $25.86M and diluted EPS was -$0.61.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TDW analysts setting a high price target of $90.00 and a low target of $55.00, the average target price over the next 12 months is $76.80. Based on these targets, TDW could surge 33.14% to reach the target high and fall by -18.64% to reach the target low. Reaching the average price target will result in a growth of 13.61% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded TDW stock several times over the past three months with 12 Buys and 1 Sells. In these transactions, 187,344 shares were bought while 21,788 shares were sold. The number of buy transactions has increased to 34 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 684,092 while 108,801 shares were sold.

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