Consensus recommendations for Tidewater
According to Reuters, none of the analysts tracking Tidewater (TDW) recommended a “buy” or any equivalent for the stock. Approximately 56% recommended a “hold,” while ~44% of the analysts recommended a “sell” or some equivalent.
By comparison, ~73% of the analysts tracking Weatherford International (WFT) recommended the stock as a “buy” or some equivalent. Approximately 19% recommended a “hold,” while the rest have given it a “sell” or some equivalent.
Changes and target prices
From November 7, 2016, to February 7, 2017, the percentage of analysts recommending a “hold” for TDW has fallen from 64% to 56%. Analysts’ “sell” recommendations have risen for TDW in the past four months. One year ago, ~14% of the sell side analysts recommended a “buy” for TDW.
Wall Street analysts’ mean target price for TDW on February 7 was ~$1.5. TDW is currently trading at ~$2.0, implying ~24% downside at its current consensus mean price. One month ago, analysts’ average target price for TDW was $3.6.
Target prices for TDW’s peers
The mean target price, as surveyed among the sell-side analysts, for Oil States International (OIS) was $40.7 on February 7. OIS is currently trading at ~$38.6, implying ~6% upside at its average target price. The mean target price, surveyed among the sell-side analysts, for Oceaneering International (OII) is $29.6 on February 7. OII is currently trading at ~$26.7, implying 11% upside at its average price.
Notably, Tidewater makes up 0.03% of the iShares S&P Small-Cap 600 Value ETF (IJS). The energy sector makes up 4.3% of IJS.
You can learn more about the oilfield equipment and services industry in Market Realist’s The Oilfield Equipment and Services Industry: A Primer.