Tidewater Reports First Quarter Results For Fiscal 2017 and Announces Conference Call On Wednesday, August 10, 2016 at 10:00 a.m. Central Time

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Go back to Tidewater Reports First Quarter Results For Fiscal 2017 and Announces Conference Call On Wednesday, August 10, 2016 at 10:00 a.m. Central Time

Johnson Rice Downgrades Tidewater Inc (TDW) to Hold

August 10, 2016 10:40 AM EDT

Johnson Rice downgraded Tidewater Inc (NYSE: TDW) from Accumulate to Hold.

For an analyst ratings summary and ratings history on Tidewater Inc click here. For more ratings news on Tidewater Inc click here.

Shares of Tidewater Inc closed at $4.66 yesterday.

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UPDATE: Tidewater (TDW) Reports Q1 Loss Per Share of $1.89; Offers Update on Status of Discussions with Lenders

August 9, 2016 5:34 PM EDT

(Updated - August 9, 2016 5:45 PM EDT)

Tidewater (NYSE: TDW) reported Q1 EPS of ($1.89), may not compare to the analyst estimate of ($0.74). Revenue for the quarter came in at $167.9 million versus the consensus estimate of $169.75 million.

Status of Discussions with Lenders and Noteholders

The decrease in oil and gas prices that began in the second half of fiscal 2015 and continued throughout fiscal 2016 has led to materially lower levels of spending for offshore exploration and development by the company's customers globally. In addition, newly constructed vessels have been delivered over the last several years, exacerbating... More