NYSE:TDWEnergy Services
Tidewater (TDW) Could Be 21% Undervalued As Index Changes And Shelf Filing Stir Debate
Index moves and equity shelf put Tidewater in focus
Tidewater (TDW) is back on radar after being dropped from several Russell value benchmarks, added to growth defensive indexes, and filing a US$145.35 million shelf registration tied to an ESOP related common stock offering.
See our latest analysis for Tidewater.
Those index moves and the US$145.35 million equity shelf arrive after a mixed stretch for Tidewater, with the share price up 30.42% year to date but down 21.02% over 90 days. At the...