
Tidewater (TDW) Stock Forecast & Price Target
Tidewater (TDW) Analyst Ratings
Bulls say
Tidewater Inc has demonstrated strong operational resilience, with a notable utilization rate increase to 78.4%, despite a rise in the number of vessels in drydock from 12 to 24. The company benefits from seasonality, as vessel utilization tends to peak during warmer months, aligning with increased offshore exploration and construction activities in the oil and gas sector. Additionally, the demand for offshore marine vessels often spikes in the Gulf of Mexico due to repair and remediation efforts following hurricane damage, further supporting Tidewater's positive outlook.
Bears say
Tidewater Inc is facing significant challenges, particularly indicated by the substantial decline in utilization rates for small platform supply vessels (PSVs), reflecting weakened demand. Although larger vessels show higher utilization rates, the decrease from previous levels highlights underlying issues in overall fleet performance and market conditions. Furthermore, despite projected improvements in net leverage, the company's debt remains notably high, posing risks should market dynamics worsen.
This aggregate rating is based on analysts' research of Tidewater and is not a guaranteed prediction by Public.com or investment advice.
Tidewater (TDW) Analyst Forecast & Price Prediction
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