Somewhat Positive News Coverage Somewhat Unlikely to Impact Tidewater (TDW) Stock Price

Media headlines about Tidewater (NYSE:TDW) have been trending somewhat positive on Friday, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Tidewater earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 44.8671779497142 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Get Tidewater alerts: Golar LNG (GLNG) and Tidewater (TDW) Head to Head Survey (americanbankingnews.com) New Dedicated Senior Medical Center Brings Affordable Concierge-Style Health Care to Bradenton Seniors (prweb.com) Tidewater Inc. (TDW) Sees Significant Growth in Short Interest (americanbankingnews.com) Tidewater to Buy Offshore Supply Vessel Operator GulfMark (wsj.com) Tidewater to Buy GulfMark, Form Combined Entity Worth $1.25B (finance.yahoo.com)

Shares of Tidewater traded down $0.10, reaching $31.49, during trading on Friday, MarketBeat.com reports. 158,400 shares of the company were exchanged, compared to its average volume of 183,937. Tidewater has a 12-month low of $20.37 and a 12-month high of $35.98. 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 (NYSE:TDW) last issued its earnings results on Monday, May 14th. The oil and gas company reported ($0.76) EPS for the quarter, missing the Zacks’ 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 return on equity of 116.17% and a negative net margin of 409.22%. The business’s revenue was down 43.1% compared to the same quarter last year. During the same period last year, the business posted ($2.01) earnings per share.

A number of research firms recently weighed in on TDW. Zacks Investment Research lowered shares of Tidewater from a “buy” rating to a “hold” rating in a research report on Friday, April 6th. ValuEngine raised shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.

About Tidewater

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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