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Stock impact report

Tidewater: Strong Quarter, Accretive Acquisition - Buy [Seeking Alpha]

Tidewater Inc. (TDW) 
Last tidewater inc. earnings: 8/9 04:24 pm Check Earnings Report
Company Research Source: Seeking Alpha
Two weeks ago, Tidewater announced the acquisition of Wilson Sons Ultratug Offshore Participações S.A. and Atlantic Offshore Services S.A. in an all-cash transaction valued at $500 million. The acquisition will meaningfully expand the company's presence in Brazil while being immediately accretive to cash flow and earnings per share. While 2026 is widely expected to be another mediocre year for the offshore oil and gas services industry, management provided a cautiously optimistic outlook. While I am reiterating my "Buy" rating on TDW stock, investors might consider waiting for a pullback after the recent rally in order to establish positions in the shares. Increasing price target from $70 to $99. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Alvaro Victor/iStock via Getty Images Note: Tidewater Inc. TDW or "Tidewater" has been covered by me previously, so investors should Show less Read more
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