News stories about Tidewater (NYSE:TDW) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tidewater earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.8762344365944 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- High schools: 11:59 pm Tuesday UPDATE: Multi-sport results, summaries and pairings (dailypress.com)
- Edited Transcript of TDW earnings conference call or presentation 15-May-18 3:00pm GMT (finance.yahoo.com)
- Tidewater not worried about competitors (tradewindsnews.com)
- Tidewater area schools recognize teachers of the year (vagazette.com)
- Student survey team witnesses active tidewater glacier (kfsk.org)
TDW traded up $0.14 on Wednesday, hitting $31.62. 4,644 shares of the company traded hands, compared to its average volume of 133,541. The company has a quick ratio of 3.71, a current ratio of 3.84 and a debt-to-equity ratio of 0.43. Tidewater has a 12-month low of $31.41 and a 12-month high of $32.09.
Tidewater (NYSE:TDW) last posted its quarterly earnings data on Monday, May 14th. The oil and gas company reported ($0.76) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.55) by ($0.21). The company had revenue of $91.50 million for the quarter, compared to analysts’ expectations of $105.65 million. Tidewater had a negative net margin of 409.22% and a negative return on equity of 116.17%. The firm’s revenue was down 43.1% on a year-over-year basis. During the same period in the prior year, the company earned ($2.01) earnings per share. equities analysts expect that Tidewater will post -1.44 EPS for the current fiscal year.
Several analysts have commented on TDW shares. Zacks Investment Research downgraded Tidewater from a “buy” rating to a “hold” rating in a research note on Friday, March 30th. ValuEngine raised Tidewater from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.
Tidewater Inc provides offshore service vessels and marine support 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, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
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