Update shared on04 Sep 2025
Analysts maintained their consensus price target for Tidewater at $61.67 as bullish sentiment from strong recent performance and asset utilization was balanced by concerns over 2025 transition risks and offshore activity softness.
Analyst Commentary
- Bullish analysts raised price targets following a strong Q2 performance and improving outlook for 2026.
- Anticipation of a softer second half of 2025 is expected to partially offset strong first-half results.
- Bearish analysts cite continued softness and a “pause” in offshore drilling activity impacting sentiment.
- 2025 identified as a transition year for offshore oil services due to macroeconomic uncertainty, a weaker 2026 oil futures curve, and expected OPEC+ production increases.
- Despite current challenges, high utilization and premium pricing for modern (7th generation) offshore assets provide some support to the outlook.
What's in the News
- Tidewater remains focused on M&A as its preferred capital allocation, open to using stock, cash, or balance sheet leverage for accretive deals while managing net leverage below 1x EBITDA.
- The Board authorized a new share repurchase program of up to $500 million with no expiration date.
- The company repurchased 1,379,723 shares for $50.77 million in Q2 2025, completing 7.12% of shares bought back ($180.73 million) under the prior program.
- Tidewater reiterated full-year 2025 revenue guidance of $1.32 billion to $1.38 billion.
- Tidewater was added to multiple Russell Value indices, including the Russell 2000, 2500, 3000, and Small Cap Composite benchmarks.
Valuation Changes
Summary of Valuation Changes for Tidewater
- The Consensus Analyst Price Target remained effectively unchanged, at $61.67.
- The Consensus Revenue Growth forecasts for Tidewater remained effectively unchanged, at 3.6% per annum.
- The Discount Rate for Tidewater remained effectively unchanged, at 7.84%.
Disclaimer
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