14.80 0.00 (0.00%)
After hours: 4:16PM EST
|Bid||14.81 x 900|
|Ask||14.85 x 900|
|Day's Range||14.51 - 14.91|
|52 Week Range||13.23 - 25.11|
|Beta (3Y Monthly)||1.61|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 26, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.00|
Tidewater Inc. (TDW) (the “Company”) today announced that the Company’s consent solicitation of the holders (the “Holders”) of its 8.00% Senior Secured Notes due 2022 (the “Notes”) successfully received the consent of the Holders of a majority of the outstanding principal amount of the Notes on November 22, 2019 (the “Requisite Consents”). The Company also announced today that pursuant to the previously announced cash tender offer (the “Tender Offer”) for up to $125,000,000 aggregate principal amount of the outstanding Notes (the “Tender Cap”), approximately $285.5 million in aggregate principal amount of the Notes were validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time, on November 22, 2019 (the “Early Tender Time”).
Tidewater Inc. announced today revenue for the three and nine months ended September 30, 2019, of $119.8 million and $367.8 million, and net losses for the same periods of $44.2 million and $81.9 million , respectively.
Tidewater Inc. (TDW) (the “Company”) today announced it is soliciting consents (the “Consent Solicitation”) from holders (the “Holders”) of its outstanding 8.00% Senior Secured Notes due 2022 (the “Notes”) to approve amendments to the indenture relating to the Notes (the “Indenture”) and related corresponding amendments to the Security and Pledge Agreement (“Security Agreement) entered into in connection with the issuance of the Notes (collectively, the “Proposed Amendments”). The Proposed Amendments would increase the Company’s operational and financial flexibility given its financial and liquidity position. Adoption of the Proposed Amendments requires the consent of Holders of at least a majority of the outstanding aggregate principal amount of the Notes (the “Requisite Consents”).
The chairman of Houston-based Tidewater Inc.’s (NYSE: TDW) board of directors has left the company. Chairman Thomas Bates’ Oct. 25 resignation was followed shortly by another board departure. Steven Newman left the board Oct. 26, according to a filing with the U.S. Securities and Exchange Commission on Oct. 31.
Tidewater Inc. (TDW) (“Tidewater” or the “Company”) is pleased to announce that Mr. Larry T. Rigdon has been elected Chairman of the Board of Tidewater Inc. effective October 28th. Mr. Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board. Mr. Rigdon has been a member of the Tidewater Board of Directors since August 2017.
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
Even if it's not a huge purchase, we think it was good to see that Kenneth Traub, the Director of Tidewater Inc...
Tidewater (TDW) delivered earnings and revenue surprises of 52.33% and -2.51%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?