Tidewater downgraded by Raymond James with a new price target
$TDW
Marine Transportation
Consumer Discretionary
Raymond James downgraded Tidewater from Strong Buy to Outperform and set a new price target of $102.00 from $131.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $131.00 → $102.00 | Strong Buy → Outperform | Raymond James |
| 2/9/2024 | $88.00 | Buy | Johnson Rice |
| 1/30/2024 | Outperform | Pickering Energy Partners | |
| 7/14/2023 | $85.00 | Strong Buy | Raymond James |
| 7/7/2023 | $90.00 | Outperform | Evercore ISI |
| 6/21/2023 | $75.00 | Buy | BTIG Research |
| 9/6/2022 | $42.00 | Outperform | Evercore ISI |
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3 - TIDEWATER INC (0000098222) (Issuer)
Third Quarter 2024 Highlights Revenue of $340.4 million, an increase of $1.1 million from the prior quarter Average day rate increased to $22,275 per day, $1,145 higher than the prior quarter Net income of $46.4 million and Adjusted EBITDA of $142.6 million Net cash provided by operating activities of $49.1 million and free cash flow of $67.0 million Share Repurchases and 2024 Guidance Repurchased 189,738 shares since the end of the second quarter of 2024 through the end of October for $15.0 million at an average price of $79.06 per share Board approves additional share repurchase authorization of $10.1 million, for a total current outstanding authorized capacity of $42.8 mill
Tidewater Inc. (NYSE:TDW) ("Tidewater" or the "Company") announced today that it will release financial results for the three months ending September 30, 2024, on Thursday, November 7, 2024 after market close. An earnings conference call has been scheduled for Friday, November 8, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending September 30, 2024. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.800.715.9871 if calling from the U.S. or Canada (+1.647.932.3411 if calling from outside the U.S.) and provide Conference ID: 6513877 prior to the
Second Quarter 2024 Highlights Revenue of $339.2 million, an increase of $18.1 million, or 5.6%, from the first quarter of 2024 Average day rate increased to $21,130 per day, $1,567 higher than the first quarter of 2024 Composite leading edge term contract average day rate of $28,754 > 900m2 PSV - leading edge term contract average day rate improved 8% to $35,172 700 - 900m2 PSV - leading edge term contract average day rate improved 9% to $28,026 > 16K BHP AHTS - leading edge term contract average day rate improved 13% to $48,615 8 - 12K BHP AHTS - leading edge term contract average day rate improved 8% to $25,175 Net income of $50.4 million, an increase of $3.3 mi
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Reduces Board Size from Nine to Five Members and Appoints New Directors Strong Leadership and Governance Committed to Building Sustainable Shareholder Value Edgio, Inc. (NASDAQ:EGIO) (the "Company"), the platform of choice for speed, security, and simplicity at the edge, today announced that it has reconstituted its Board of Directors. The now five-member Board includes three newly appointed, highly qualified directors: Ken Traub, Frank Verdecanna and Mio Babic. Ken Traub has also been named as Chairman of the Board. These additions enrich the Board with diverse global expertise in corporate governance, cybersecurity, digital media, and strategic growth. Simultaneously, seven existing
DENVER, Nov. 17, 2023 (GLOBE NEWSWIRE) -- American Rare Earths Limited ((ASX: ARR, OTCQX:AMRRY, OTCQB:ARRNF) (ARR or the Company) announces the retirement of long-serving Chairman of the board, Mr. Francis Creagh O'Connor effective at the Annual General Meeting which took place on November 16, 2023. Mr. Kenneth ‘Ken' Traub, who joined the Board on August 18, 2023, has become Chairman effective immediately after Mr. O'Connor's retirement. "On behalf of the board, I want to extend our sincere appreciation to Creagh for his visionary leadership, his unwavering support, and his contributions to the Company during the past 13 years," said Ken Traub, incoming Chairman of the board. "We wish him
Third Quarter 2024 Highlights Revenue of $340.4 million, an increase of $1.1 million from the prior quarter Average day rate increased to $22,275 per day, $1,145 higher than the prior quarter Net income of $46.4 million and Adjusted EBITDA of $142.6 million Net cash provided by operating activities of $49.1 million and free cash flow of $67.0 million Share Repurchases and 2024 Guidance Repurchased 189,738 shares since the end of the second quarter of 2024 through the end of October for $15.0 million at an average price of $79.06 per share Board approves additional share repurchase authorization of $10.1 million, for a total current outstanding authorized capacity of $42.8 mill
Tidewater Inc. (NYSE:TDW) ("Tidewater" or the "Company") announced today that it will release financial results for the three months ending September 30, 2024, on Thursday, November 7, 2024 after market close. An earnings conference call has been scheduled for Friday, November 8, 2024, at 8:00 a.m. Central Time, during which President and Chief Executive Officer Quintin Kneen will discuss results for the three months ending September 30, 2024. Investors and interested parties may listen to the earnings conference call via telephone by calling +1.800.715.9871 if calling from the U.S. or Canada (+1.647.932.3411 if calling from outside the U.S.) and provide Conference ID: 6513877 prior to the
Second Quarter 2024 Highlights Revenue of $339.2 million, an increase of $18.1 million, or 5.6%, from the first quarter of 2024 Average day rate increased to $21,130 per day, $1,567 higher than the first quarter of 2024 Composite leading edge term contract average day rate of $28,754 > 900m2 PSV - leading edge term contract average day rate improved 8% to $35,172 700 - 900m2 PSV - leading edge term contract average day rate improved 9% to $28,026 > 16K BHP AHTS - leading edge term contract average day rate improved 13% to $48,615 8 - 12K BHP AHTS - leading edge term contract average day rate improved 8% to $25,175 Net income of $50.4 million, an increase of $3.3 mi
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Raymond James downgraded Tidewater from Strong Buy to Outperform and set a new price target of $102.00 from $131.00 previously
Johnson Rice initiated coverage of Tidewater with a rating of Buy and set a new price target of $88.00
Pickering Energy Partners initiated coverage of Tidewater with a rating of Outperform
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