31.49 0.00 (0.00%)
After hours: 4:37PM EDT
|Bid||0.00 x 800|
|Ask||33.66 x 700|
|Day's Range||31.42 - 31.71|
|52 Week Range||20.37 - 35.98|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.00|
NEW YORK, July 18, 2018 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of GulfMark Offshore, Inc. ("GLF" or the "Company") (GLF) in connection with the proposed acquisition of the Company by Tidewater Inc. ("TDW") (TDW). Under the terms of the merger agreement, GLF shareholders will receive 1.10 shares of TDW for each GLF share they own. This represents consideration of $33.68 per share, based on TDW's July 13 closing price of $30.62. WeissLaw is investigating whether GLF's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $42.00 per share, or $8.32 above the consideration. Additionally, the Company recently announced positive financial results for the three-month period ending March 31, 2018, reporting sequential growth of 13% in average day rates.
NEW YORK, July 18, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. To: All Persons or Entities who purchased GulfMark Offshore, Inc. stock prior to July 16, 2018. You are hereby ...
The increased scale from the deal brings with it a number of benefits, according to the future CEO of the combined company.
Inc., a deal the companies said would create the largest fleet of offshore support vessels. Tidewater reached a deal to purchase GulfMark for about $340 million, the companies said Monday. GulfMark shareholders will get 1.1 shares of Tidewater stock for each share held.
The combination of Tidewater (TDW) and GulfMark will create a leader in the offshore support vessel (OSV) sector with the largest fleet of 102 Tier 1 vessels.
NEW YORK, July 16, 2018-- The following statement is being issued by Levi & Korsinsky, LLP:. To: All Persons or Entities who purchased GulfMark Offshore, Inc. stock prior to July 16, 2018. You are hereby ...
Offshore services provider Tidewater Inc said on Monday it would buy smaller rival GulfMark Offshore Inc in an all-stock deal to create a $1.25 billion company, the latest in a consolidation spurred by the recovery in oil prices. The deal allows U.S-based Tidewater to expand its presence in the UK North Sea basin, where a 30 percent jump in oil prices since the end of 2016 has boosted rates for operators. Offshore services providers, which help drillers transport equipment, crew and also prepare the rig, had been particularly hard hit by the slump in oil prices that began in 2014.
Both companies emerged from bankruptcy last year, and one moved its headquarters from New Orleans to Houston.
HOUSTON, July 16, 2018 /PRNewswire/ -- Tidewater Inc. (TDW) ("Tidewater") and GulfMark Offshore, Inc. (GLF) ("GulfMark") today announced that the Boards of Directors of both companies have unanimously approved a definitive agreement to combine the two companies. Under the terms of the all-stock agreement, GulfMark stockholders will receive 1.100 shares of Tidewater common stock for each share of GulfMark common stock held by them. Each GulfMark noteholder warrant will be automatically converted into the right to receive 1.100 Tidewater shares, subject to Jones Act restrictions on maximum ownership of shares by non-U.S. citizens.
TETRA Technologies’ (TTI) correlation with crude oil on April 12–July 12 was 0.30. The correlation represents a positive relationship between TETRA Technologies stock and crude oil prices. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look!
TechnipFMC’s (FTI) stock price correlation with crude oil from April 10, 2017, to July 10, 2018, was 0.11, which indicates a relatively weak positive relationship between TechnipFMC’s stock and crude oil prices. A low correlation indicates the stock’s price loosely tracked crude oil prices. FTI’s correlation with crude oil prices was lower in the trailing three months to July 10, 2018, compared to the past year. The WTI crude oil price increased 11% in the past three months until July 10.
The correlation coefficient between Baker Hughes’s (BHGE) stock price and crude oil prices between April 5, 2017, and July 5, 2018, was 0.15. This correlation indicates a relatively weak positive relationship between the two.
Oceaneering International’s (OII) correlation with crude oil’s price from March 21 to June 21 was 0.65, representing a positive relationship between OII and crude oil. The VanEck Vectors Oil Services ETF’s (OIH) correlation coefficient with crude oil since March 21 is 0.71.
Baker Hughes, a GE Company (BHGE), released its weekly US crude oil rig count report on June 15. Baker Hughes reported that the US crude oil rig count rose by one to 863 on June 8–15—the highest level since March 13, 2015. The rigs have also risen by 116 or ~15.5% from a year ago.
The correlation coefficient between Schlumberger’s (SLB) stock price and the West Texas Intermediate (or WTI) crude oil price from May 25, 2017, to May 25, 2018, was 0.52. This indicates a close positive relationship between crude oil prices and Schlumberger stock. SLB’s correlation with the VanEck Vectors Oil Services ETF (OIH) from May 25, 2017, to May 25, 2018, was 0.85.
On March 29, Schlumberger’s (SLB) stock price was 4.0% lower than on December 29, 2017. March 29 was the last trading day of SLB’s first quarter. In the first quarter, SLB’s adjusted earnings were negative. So, its price-to-earnings (or PE) multiple wasn’t meaningful in the first quarter.
On May 18, Schlumberger’s (SLB) implied volatility was 19.9%. Schlumberger released its first-quarter financial results on April 20. Since then, Schlumberger’s implied volatility has fallen from 24.1% to this level. Since April 20, SLB’s stock price has risen 7.3%. SLB makes up 3.0% of the SPDR S&P Oil & Gas Equipment & Services ETF (XES). XES provides exposure to the oil and gas equipment and services segment of the energy sector. XES has risen 12% since April 20. Schlumberger’s seven-day stock price forecast
The New Orleans-based company said it had a loss of $1.67 per share. Losses, adjusted for non-recurring costs, came to 76 cents per share. The offshore energy services provider posted revenue of $91.5 ...
HOUSTON , May 14, 2018 /PRNewswire/ -- Tidewater Inc. (NYSE:TDW) announced today a net loss for the three months ended March 31, 2018 , of $39.2 million , or $1.67 per common share, on revenues of $91.5 ...
Halliburton’s (HAL) implied volatility was 23.3% on May 11. On April 23, the day Halliburton released its 1Q18 earnings, its implied volatility was 24.9%. Since then, Halliburton’s implied volatility has decreased marginally.
HOUSTON , May 8, 2018 /PRNewswire/ -- Tidewater Inc. (NYSE: TDW) announced today that John T. Rynd, President and Chief Executive Officer, Quinn P. Fanning , Chief Financial Officer and Jason R. Stanley ...
Investors and interested parties may listen to the teleconference via telephone by calling 1-888-771-4371 if calling from the U.S. or Canada (1-847-585-4405 if calling from outside the U.S.) and ask for the "Tidewater" call just prior to the scheduled start. A replay of the conference call will be available beginning at 12:00 p.m. Central Time on May 15, 2018, and will continue until 11:59 p.m. Central Time on May 17, 2018. A simultaneous webcast of the conference call will be available online at the Tidewater Inc. website, www.tdw.com. The online replay will be available until June 15, 2018.
In this article, we’ll look at Wall Street analysts’ forecasts for National Oilwell Varco (NOV) stock following its 1Q18 earnings release.