This summary was created by AI, based on 2 opinions in the last 12 months.
Tidewater Inc. (TDW-N) is an energy equipment and service company. The company's share price momentum has been solid, but its performance is heavily influenced by the energy sector cycle. The balance sheet is okay, with a net debt of $467M and a net debt/EBITDA of 1.5x. However, the company is still issuing shares for M&A, which is not favored by experts. Overall, there is interesting momentum, but investors may be better off owning energy companies with more aggressive capital return policies.
They were penalized for carrying so much debt, and were effected by fluctuating commodity prices. But they've sold assets to Altagas to paid down debt. They ceased the dividend to buyback shares. He sold when they cut their dividend. But will watch it.
Tidewater Inc. is a American stock, trading under the symbol TDW-N on the New York Stock Exchange (TDW). It is usually referred to as NYSE:TDW or TDW-N
In the last year, 2 stock analysts published opinions about TDW-N. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Tidewater Inc..
Tidewater Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Tidewater Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Tidewater Inc. published on Stockchase.
On 2024-04-24, Tidewater Inc. (TDW-N) stock closed at a price of $92.67.
TDW is an energy equipment and service company, and is now trading at 17x times' Forward P/E. The company’s share price momentum has been quite solid recently. In the last two years, sales growth was solid, but the business moves in line with energy sector cycle. Sales could decline if energy cycle turns to a down cycle. The balance sheet is okay, with net debt of $467M and net debt/EBITDA of 1.5x. The company is paying a dividend, but still issuing shares to do M&A. We are generally not a big fan of companies that keep diluting share count. Interesting momentum, but cyclical name, not cheap, we think investors are better off owning energy companies with more aggressive capital return policies.
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