Tidewater traded at $64.60 this Wednesday June 24th, decreasing $1.81 or 2.73 percent since the previous trading session. Looking back, over the last four weeks, Tidewater lost 17.96 percent. Over the last 12 months, its price rose by 43.88 percent. Looking ahead, we forecast Tidewater to be priced at 63.34 by the end of this quarter and at 59.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Tidewater Inc. provides offshore marine support and transportation services to the offshore energy industry. The Company operates through four geographic segments: Americas, Middle East/Asia Pacific, Europe/Mediterranean and West Africa. The Americas segment includes U.S. Gulf of Mexico, Trinidad, Mexico, and Brazil. The Middle East/Asia Pacific segment includes Saudi Arabia, East Africa, Southeast Asia and Australia. The Europe/Mediterranean segment includes the United Kingdom, Norway, and Egypt. The West Africa segment includes Angola, Nigeria, and other coastal regions of West Africa. The Company's vessels and associated vessel services provide support for all phases of offshore oil and natural gas exploration, field development and production as well as windfarm development and maintenance. Its services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities.