Tidewater Inc (TDW) Stock Dips 5% Amidst Oil and Gas Sector Decline

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Dec 04, 2024
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Tidewater Inc (TDW, Financial) shares dropped 5% to $49.24 with a trading volume of 469,489 shares and a turnover rate of 0.90%. The stock's amplitude was 4.78%. Recent financial reports show Tidewater Inc had a revenue of $340 million, net profit of $46.37 million, and earnings per share of $0.88, with a gross profit of $98.37 million and a P/E ratio of 14.45. Out of nine rating agencies, 89% recommend buying, and 11% suggest holding. The oil and gas equipment and services sector saw an overall decline of 2%, though some stocks like Geospace Technologies and Drilling Tools International showed significant gains.

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