Home Sectors Energy Current Movement: Tidewater (NYSE: TDW)

Current Movement: Tidewater (NYSE: TDW)

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Tidewater is part of the energy sector and is in the oil and gas services industry. The company CEO is John T. Rynd. Tidewater Inc is a provider of larger offshore service vessels to the global energy industry. It serves the customers who are operating in more remote, deeper and increasingly hostile environments in order to meet the world’s energy demands.

Previous Intraday Trading Performance:

The TDW stock showed a previous change of 2.44% with an open at 21.84 and a close of 21.85. It reached an intraday high of 22.04 and a low of 21.61.

SeekingAlpha:  Tidewater Is Moving In The Right Direction

Liquidity:

The stock has a market cap of $819.7m with 37.5m shares outstanding, of which the float is 36.6m shares. Trading volume reached 230,991 shares compared to its average volume of 249,603 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Tidewater shares returned -0.82% and in the past 30 trading days it returned 1.58%. Over three months, it changed -2.46%. In one year it has changed -28.43% and within that year its 52-week high was 36.09 and its 52-week low was 18.36. TDW stock is 19.01% above its 52 Week Low.

Our calculations show a 200 day moving average of 24.90 and a 50 day moving average of 23.04. Currently TDW stock is trading -12.24% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Tidewater Is Moving In The Right Direction

Earnings:

The last annual fiscal EPS for the company was reported at -6.49 that ended on 31st of December 2018. Based on 1 analyst estimate, the estimated EPS for the next quarter is -0.47. The TTM EPS is -3.43.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/06/2019): -0.58
4thQtr of 2018 (Reported on 02/28/2019): -2.83
3rdQtr of 2018 (Reported on 11/12/2018): -1.16
2ndQtr of 2018 (Reported on 08/13/2018): -0.44
1stQtr of 2018 (Reported on 05/14/2018): -1.67

Base on our calculations, the intrinsic value per share is 155.16, which means it is possibly undervalued and has a margin of safety of 85.92%.

Indicators to Watch:

Short-interest was 1,142,400, which was 3.05% of shares outstanding. The short-interest ratio or days-to-cover ratio was 5.13. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.74.

SeekingAlpha:  Tailored Brands, Inc. (TLRD) CEO Dinesh Lathi on Q1 2019 Results – Earnings Call Transcript

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -15.24%, return on assets is -9.21%, profit margin is -36.08%, price-to-sales is 1.86 and price-to-book is 0.71.

Company Scores:

All scores are out of six:
 3  :Valuation Score
 0  :Past Performance Score
 6  :Financial Strength Score
 5  :Future Growth Score
 0  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.