Tidewater Inc. (NYSE:TDW) traded today at a new 52-week high of $21.28. This new high was reached on below average trading volume as 153,000 shares traded hands, while the average 30-day volume is approximately 407,000 shares.
Tidewater Inc. has overhead space with shares priced $20.65, or 2.2% below the average consensus analyst price target of $21.11.
Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a diversified fleet of marine service vessels. The company’s vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations and a variety of specialized services. The company operates in the following principal geographical areas are the Americas, the Middle East/Asia Pacific, Europe/Mediterranean Sea and West Africa. The majority of its revenue is derived from the Americas.
Over the past year, Tidewater Inc. has traded in a range of $9.75 to $21.28 and is now at $20.65, 112% above that low.
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