Latest news with #TidewaterInc
Yahoo
10-05-2025
- Business
- Yahoo
Tidewater (TDW): Long-Term Industry Dynamics Look Intact
Third Avenue Management, an investment management company based in New York City, released its 'Third Avenue Small-Cap Value Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. During the quarter, the fund returned -4.54% compared to -5.87% % for the MSCI USA Small-Cap Value Index (the 'Index') and -7.74% return for the Russell 2000 Value Index. The Fund has returned +15.46%, annualized, for the trailing five-year period. For more information on the fund's top picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Third Avenue Small-Cap Value Fund highlighted stocks such as Tidewater Inc. (NYSE:TDW). Tidewater Inc. (NYSE:TDW) provides offshore support vessels and marine support services to the offshore energy industry. The one-month return of Tidewater Inc. (NYSE:TDW) was 21.83%, and its shares lost 60.17% of their value over the last 52 weeks. On May 8, 2025, Tidewater Inc. (NYSE:TDW) stock closed at $41.13 per share with a market capitalization of $2.035 billion. Third Avenue Small-Cap Value Fund stated the following regarding Tidewater Inc. (NYSE:TDW) in its Q1 2025 investor letter: "Detractors from performance this quarter included offshore oil & gas services provider Tidewater Inc. (NYSE:TDW). Tidewater represents an interesting case study. In recent quarters, the company has been a poor performer and one of the larger drags on Fund performance. As recently as a year ago, the company had been a star performer for the Fund and was benefiting from a strong tightening of the supply and demand balance for global offshore support vessels. In that environment, with a favorable outlook and far higher share prices, the Fund sold a material portion of its Tidewater shares. It is notable that several growth-oriented funds filed as significant new shareholders around the time of the Fund's sales. As an investment approach, we tend to buy grey clouds and sell sunshine and that period was starting to look like sunshine in the sense that the share price was increasingly reflective of the very positive near-term outlook. A fleet of offshore supply vessels and tugs carrying materials to an oilrig in the distance. Tidewater Inc. (NYSE:TDW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Tidewater Inc. (NYSE:TDW) at the end of the fourth quarter which was 35 in the previous quarter. Tidewater Inc. (NYSE:TDW) reported strong financial results for the first quarter of 2025, achieving revenue of $333.4 million, which surpassed expectations due to increased day rates and better utilization. While we acknowledge the potential of Tidewater Inc. (NYSE:TDW) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. In another article, we covered Tidewater Inc. (NYSE:TDW) and shared the list of stocks with heavy insider buying in 2025. In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks. Disclosure: None. This article is originally published at Insider Monkey.
San Francisco Chronicle
05-05-2025
- Business
- San Francisco Chronicle
Tidewater: Q1 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Tidewater Inc. (TDW) on Monday reported net income of $42.7 million in its first quarter. The Houston-based company said it had profit of 83 cents per share. The offshore energy services provider posted revenue of $333.4 million in the period. Tidewater expects full-year revenue in the range of $1.32 billion to $1.38 billion. _____
Yahoo
27-02-2025
- Business
- Yahoo
While shareholders of Tidewater (NYSE:TDW) are in the black over 5 years, those who bought a week ago aren't so fortunate
Tidewater Inc. (NYSE:TDW) shareholders might be concerned after seeing the share price drop 13% in the last month. But that scarcely detracts from the really solid long term returns generated by the company over five years. It's fair to say most would be happy with 253% the gain in that time. We think it's more important to dwell on the long term returns than the short term returns. Ultimately business performance will determine whether the stock price continues the positive long term trend. While the long term returns are impressive, we do have some sympathy for those who bought more recently, given the 32% drop, in the last year. Although Tidewater has shed US$259m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns. Check out our latest analysis for Tidewater To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the last half decade, Tidewater became profitable. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. You can see how EPS has changed over time in the image below (click on the chart to see the exact values). It's good to see that there was some significant insider buying in the last three months. That's a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Dive deeper into the earnings by checking this interactive graph of Tidewater's earnings, revenue and cash flow. Investors in Tidewater had a tough year, with a total loss of 32%, against a market gain of about 19%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Longer term investors wouldn't be so upset, since they would have made 29%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
