Dublin, Sept. 20, 2024 (GLOBE NEWSWIRE) -- The "United States Offshore Support Vessels Market 2019- 2029" report has been added to ResearchAndMarkets.com's offering. The United States Offshore Support Vessels Market was valued at USD 4.76 Billion in 2023 and is predicted to experience robust growth in the forecast period with a CAGR of 2.65% through 2029. This market has experienced significant growth due to the increasing offshore drilling activities in the Gulf of Mexico and other strategic offshore regio ...

Igors Aleksejevs Note: Tidewater Inc. (NYSE:TDW) has been covered by me previously, so investors should view this article as an update to my earlier publications on the company. Last week, leading offshore service vessel provider Tidewater Inc., or "Tidewater," reported strong Q2/2024 results with both top- and bottom-line results exceeding consensus expectations: Tidewater - Key Financial Metrics | --- | --- | --- | --- | --- | --- | --- | |---------------------------|-------------------------------------- ...

arild lilleboe Recap Please check our bull thesis on Tidewater Inc. (NYSE:TDW). We believe supportive oil prices will encourage more exploration and production of oil. With peaking Permian Basin output and reduced offshore break-even levels, drillers increasingly seek offshore projects to accommodate the growing demand, despite risks from decarbonization measures. Additionally, the supply-constrained market is likely to stay given fewer shipyards available and high newbuild and secondhand prices. We believe ...

Investors in Tidewater Inc. (TDW) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec 20, 2024 $30 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mea ...

Tidewater (TDW) came out with quarterly earnings of $0.94 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 30.56%. A quarter ago, it was expected that this offshore energy services provider would post earnings of $0.49 per share when it actually produced earnings of $0.89, delivering a surprise of 81.63%. Over the last four qu ...

Even though Tidewater's stock has recently experienced a significant increase, I still consider it to be an attractive option for investors. Source: Tidewater's presentation Number of Vessels Average Age (yrs) Average Age - The market for OSVs is currently driven by several key factors, with the main drivers being deepwater exploration capital expenditure and the utilization rates of oil rigs. High oil prices recently have made it financially feasible to explore as well as produce oil and gas offshore, resu ...

Sergei Dubrovskii Investment Thesis Demand for OSVs will remain robust as a result of healthy oil prices, peaking US shale production, and lower offshore breakeven levels. On the supply side, limited yard capacity, high newbuilding and secondhand prices, and ageing global fleet will retain day rates and utilization rates high. Lastly, we believe that the market is too conservative in anticipating TDW's future revenue. Our estimated fair value is between $125 and $163 per share (22% to 59% upside potential), ...

Tidewater Inc. (NYSE:TDW) Q1 2024 Earnings Conference Call May 3, 2024 9:00 AM ET Company Participants West Gotcher - VP, Finance & IR Quintin Kneen - President & CEO Piers Middleton - Chief Commercial Officer Sam Rubio - CFO Conference Call Participants Jim Rollyson - Raymond James Fredrik Stene - Clarksons Securities David Smith - Pickering Energy Partners Josh Jayne - Daniel Energy Sherif Elmaghrabi - BTIG Don Crist - Johnson Rice Operator Thank you for standing by. My name is Dee, and I will be your con ...

Quintin Kneen, Tidewater's President and Chief Executive Officer, commented, "First quarter results came in nicely above our expectations, especially for a period that is typically the slowest quarter of the year due to seasonality in certain markets and a front-loaded drydock schedule. Our consolidated global average day rate continued the upward trend we saw throughout 2023, with the average day rate increasing nearly $1,500 per day sequentially, an increase of over 8%. Each of our classes of vessels saw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 1-6311 Tidewater Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employer Id ...