Intrinsic value of Tidewater - TDW

Previous Close

$25.74

  Intrinsic Value

$15.67

stock screener

  Rating & Target

sell

-39%

Previous close

$25.74

 
Intrinsic value

$15.67

 
Up/down potential

-39%

 
Rating

sell

We calculate the intrinsic value of TDW stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  614
  628
  644
  662
  682
  704
  728
  754
  782
  812
  844
  878
  915
  954
  995
  1,038
  1,084
  1,133
  1,185
  1,239
  1,297
  1,357
  1,421
  1,488
  1,559
  1,634
  1,712
  1,795
  1,882
  1,973
Variable operating expenses, $m
  657
  672
  690
  709
  731
  754
  780
  808
  838
  870
  904
  941
  980
  1,021
  1,065
  1,112
  1,161
  1,214
  1,269
  1,327
  1,389
  1,454
  1,522
  1,594
  1,670
  1,750
  1,834
  1,923
  2,016
  2,114
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  657
  672
  690
  709
  731
  754
  780
  808
  838
  870
  904
  941
  980
  1,021
  1,065
  1,112
  1,161
  1,214
  1,269
  1,327
  1,389
  1,454
  1,522
  1,594
  1,670
  1,750
  1,834
  1,923
  2,016
  2,114
Operating income, $m
  -44
  -45
  -46
  -47
  -48
  -50
  -52
  -54
  -56
  -58
  -60
  -62
  -65
  -68
  -71
  -74
  -77
  -80
  -84
  -88
  -92
  -96
  -101
  -106
  -111
  -116
  -122
  -127
  -134
  -140
EBITDA, $m
  127
  130
  133
  137
  141
  145
  150
  156
  162
  168
  174
  181
  189
  197
  205
  214
  224
  234
  245
  256
  268
  280
  294
  307
  322
  337
  354
  371
  389
  408
Interest expense (income), $m
  71
  110
  112
  115
  118
  122
  125
  130
  134
  139
  145
  150
  157
  163
  170
  178
  186
  194
  203
  212
  222
  233
  244
  255
  268
  281
  294
  309
  324
  340
  356
Earnings before tax, $m
  -153
  -157
  -161
  -165
  -170
  -175
  -181
  -188
  -195
  -202
  -210
  -219
  -228
  -238
  -248
  -259
  -271
  -283
  -296
  -310
  -325
  -340
  -356
  -373
  -391
  -410
  -430
  -451
  -473
  -497
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -153
  -157
  -161
  -165
  -170
  -175
  -181
  -188
  -195
  -202
  -210
  -219
  -228
  -238
  -248
  -259
  -271
  -283
  -296
  -310
  -325
  -340
  -356
  -373
  -391
  -410
  -430
  -451
  -473
  -497

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,859
  3,948
  4,050
  4,164
  4,290
  4,428
  4,579
  4,742
  4,918
  5,107
  5,309
  5,524
  5,754
  5,998
  6,256
  6,530
  6,821
  7,128
  7,452
  7,794
  8,156
  8,537
  8,938
  9,361
  9,807
  10,276
  10,770
  11,290
  11,837
  12,412
Adjusted assets (=assets-cash), $m
  3,859
  3,948
  4,050
  4,164
  4,290
  4,428
  4,579
  4,742
  4,918
  5,107
  5,309
  5,524
  5,754
  5,998
  6,256
  6,530
  6,821
  7,128
  7,452
  7,794
  8,156
  8,537
  8,938
  9,361
  9,807
  10,276
  10,770
  11,290
  11,837
  12,412
Revenue / Adjusted assets
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
  0.159
Average production assets, $m
  3,270
  3,345
  3,431
  3,528
  3,635
  3,752
  3,880
  4,018
  4,167
  4,327
  4,498
  4,681
  4,875
  5,082
  5,301
  5,533
  5,779
  6,039
  6,314
  6,604
  6,910
  7,233
  7,573
  7,932
  8,310
  8,707
  9,126
  9,566
  10,029
  10,517
Working capital, $m
  143
  146
  150
  154
  159
  164
  170
  176
  182
  189
  197
  205
  213
  222
  232
  242
  253
  264
  276
  289
  302
  316
  331
  347
  363
  381
  399
  418
  439
  460
Total debt, $m
  2,078
  2,129
  2,186
  2,251
  2,322
  2,401
  2,486
  2,579
  2,679
  2,786
  2,900
  3,022
  3,153
  3,291
  3,437
  3,593
  3,757
  3,931
  4,115
  4,309
  4,514
  4,730
  4,958
  5,198
  5,451
  5,717
  5,997
  6,291
  6,601
  6,928
Total liabilities, $m
  2,188
  2,239
  2,296
  2,361
  2,432
  2,511
  2,596
  2,689
  2,789
  2,896
  3,010
  3,132
  3,262
  3,401
  3,547
  3,703
  3,867
  4,041
  4,225
  4,419
  4,624
  4,840
  5,068
  5,308
  5,561
  5,827
  6,107
  6,401
  6,711
  7,037
Total equity, $m
  1,671
  1,710
  1,753
  1,803
  1,857
  1,917
  1,983
  2,053
  2,130
  2,211
  2,299
  2,392
  2,491
  2,597
  2,709
  2,828
  2,953
  3,086
  3,227
  3,375
  3,531
  3,696
  3,870
  4,053
  4,246
  4,450
  4,663
  4,888
  5,125
  5,374
Total liabilities and equity, $m
  3,859
  3,949
  4,049
  4,164
  4,289
  4,428
  4,579
  4,742
  4,919
  5,107
  5,309
  5,524
  5,753
  5,998
  6,256
  6,531
  6,820
  7,127
  7,452
  7,794
  8,155
  8,536
  8,938
  9,361
  9,807
  10,277
  10,770
  11,289
  11,836
  12,411
Debt-to-equity ratio
  1.240
  1.250
  1.250
  1.250
  1.250
  1.250
  1.250
  1.260
  1.260
  1.260
  1.260
  1.260
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.280
  1.280
  1.280
  1.280
  1.280
  1.280
  1.280
  1.280
  1.290
  1.290
  1.290
  1.290
Adjusted equity ratio
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433
  0.433

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -153
  -157
  -161
  -165
  -170
  -175
  -181
  -188
  -195
  -202
  -210
  -219
  -228
  -238
  -248
  -259
  -271
  -283
  -296
  -310
  -325
  -340
  -356
  -373
  -391
  -410
  -430
  -451
  -473
  -497
Depreciation, amort., depletion, $m
  170
  174
  179
  184
  189
  195
  202
  209
  217
  225
  234
  244
  254
  265
  276
  288
  301
  315
  329
  344
  360
  377
  394
  413
  433
  453
  475
  498
  522
  548
Funds from operations, $m
  17
  17
  18
  19
  19
  20
  21
  21
  22
  23
  24
  25
  26
  27
  28
  29
  30
  31
  32
  34
  35
  37
  38
  40
  41
  43
  45
  47
  49
  51
Change in working capital, $m
  3
  3
  4
  4
  5
  5
  6
  6
  7
  7
  7
  8
  8
  9
  10
  10
  11
  11
  12
  13
  13
  14
  15
  16
  17
  17
  18
  19
  20
  21
Cash from operations, $m
  14
  14
  14
  14
  15
  15
  15
  15
  16
  16
  16
  17
  17
  18
  18
  19
  19
  20
  20
  21
  22
  22
  23
  24
  25
  26
  27
  28
  29
  30
Maintenance CAPEX, $m
  -167
  -170
  -174
  -179
  -184
  -189
  -195
  -202
  -209
  -217
  -225
  -234
  -244
  -254
  -265
  -276
  -288
  -301
  -315
  -329
  -344
  -360
  -377
  -394
  -413
  -433
  -453
  -475
  -498
  -522
New CAPEX, $m
  -62
  -75
  -86
  -97
  -107
  -117
  -128
  -138
  -149
  -160
  -171
  -183
  -194
  -207
  -219
  -232
  -246
  -260
  -275
  -290
  -306
  -323
  -340
  -359
  -378
  -398
  -418
  -440
  -463
  -487
Cash from investing activities, $m
  -229
  -245
  -260
  -276
  -291
  -306
  -323
  -340
  -358
  -377
  -396
  -417
  -438
  -461
  -484
  -508
  -534
  -561
  -590
  -619
  -650
  -683
  -717
  -753
  -791
  -831
  -871
  -915
  -961
  -1,009
Free cash flow, $m
  -215
  -231
  -246
  -261
  -276
  -292
  -308
  -325
  -343
  -361
  -380
  -400
  -421
  -443
  -466
  -490
  -515
  -541
  -569
  -598
  -628
  -660
  -694
  -729
  -766
  -805
  -845
  -888
  -933
  -980
Issuance/(repayment) of debt, $m
  44
  50
  58
  65
  72
  79
  86
  93
  100
  107
  114
  122
  130
  138
  147
  155
  165
  174
  184
  194
  205
  216
  228
  240
  253
  266
  280
  295
  310
  326
Issuance/(repurchase) of shares, $m
  190
  195
  205
  214
  225
  235
  247
  258
  271
  284
  298
  312
  328
  344
  360
  378
  397
  416
  437
  458
  481
  505
  530
  557
  584
  614
  644
  676
  710
  746
Cash from financing (excl. dividends), $m  
  234
  245
  263
  279
  297
  314
  333
  351
  371
  391
  412
  434
  458
  482
  507
  533
  562
  590
  621
  652
  686
  721
  758
  797
  837
  880
  924
  971
  1,020
  1,072
Total cash flow (excl. dividends), $m
  19
  14
  16
  18
  20
  22
  24
  26
  28
  30
  32
  34
  37
  39
  41
  44
  46
  49
  52
  55
  58
  61
  64
  68
  71
  75
  79
  83
  87
  92
Retained Cash Flow (-), $m
  -190
  -195
  -205
  -214
  -225
  -235
  -247
  -258
  -271
  -284
  -298
  -312
  -328
  -344
  -360
  -378
  -397
  -416
  -437
  -458
  -481
  -505
  -530
  -557
  -584
  -614
  -644
  -676
  -710
  -746
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -171
  -181
  -188
  -196
  -204
  -213
  -223
  -232
  -243
  -254
  -266
  -278
  -291
  -305
  -319
  -334
  -350
  -367
  -385
  -404
  -423
  -444
  -466
  -489
  -513
  -539
  -565
  -593
  -623
  -654
Discount rate, %
  8.00
  8.40
  8.82
  9.26
  9.72
  10.21
  10.72
  11.26
  11.82
  12.41
  13.03
  13.68
  14.37
  15.09
  15.84
  16.63
  17.46
  18.34
  19.25
  20.22
  21.23
  22.29
  23.40
  24.57
  25.80
  27.09
  28.45
  29.87
  31.36
  32.93
PV of cash for distribution, $m
  -158
  -154
  -146
  -138
  -129
  -119
  -109
  -99
  -89
  -79
  -69
  -60
  -51
  -43
  -35
  -29
  -23
  -18
  -14
  -10
  -7
  -5
  -4
  -3
  -2
  -1
  -1
  0
  0
  0
Current shareholders' claim on cash, %
  85.8
  73.5
  62.8
  53.4
  45.4
  38.4
  32.5
  27.4
  23.0
  19.3
  16.2
  13.6
  11.4
  9.5
  7.9
  6.6
  5.5
  4.6
  3.8
  3.2
  2.6
  2.2
  1.8
  1.5
  1.2
  1.0
  0.9
  0.7
  0.6
  0.5

Tidewater Inc. provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company's North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil. The Asia/Pacific segment includes its Australian and Southeast Asian and Western Pacific operations. The Middle East/North Africa segment includes its operations in the Mediterranean and Red Seas, the Black Sea, the Arabian Gulf and offshore India. The Company's Sub-Saharan Africa/Europe segment includes operations conducted along the East and West Coasts of Africa, as well as operations in and around the Caspian Sea, the North Sea, and certain other arctic/cold water markets.

FINANCIAL RATIOS  of  Tidewater (TDW)

Valuation Ratios
P/E Ratio -0.1
Price to Sales 0.1
Price to Book 0
Price to Tangible Book
Price to Cash Flow 1.3
Price to Free Cash Flow 9.7
Growth Rates
Sales Growth Rate -38.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -86.6%
Cap. Spend. - 3 Yr. Gr. Rate -46.5%
Financial Strength
Quick Ratio 0
Current Ratio 0
LT Debt to Equity 0%
Total Debt to Equity 124.4%
Interest Coverage -8
Management Effectiveness
Return On Assets -12.8%
Ret/ On Assets - 3 Yr. Avg. -5.1%
Return On Total Capital -16.5%
Ret/ On T. Cap. - 3 Yr. Avg. -7.3%
Return On Equity -33.5%
Return On Equity - 3 Yr. Avg. -14.3%
Asset Turnover 0.1
Profitability Ratios
Gross Margin 38.2%
Gross Margin - 3 Yr. Avg. 40.5%
EBITDA Margin -67.4%
EBITDA Margin - 3 Yr. Avg. -15.8%
Operating Margin -95.8%
Oper. Margin - 3 Yr. Avg. -35.2%
Pre-Tax Margin -107%
Pre-Tax Margin - 3 Yr. Avg. -41.9%
Net Profit Margin -109.6%
Net Profit Margin - 3 Yr. Avg. -43.4%
Effective Tax Rate -0.9%
Eff/ Tax Rate - 3 Yr. Avg. -4.6%
Payout Ratio 0%

TDW stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TDW stock intrinsic value calculation we used $601.611 million for the last fiscal year's total revenue generated by Tidewater. The default revenue input number comes from 0001 income statement of Tidewater. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TDW stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8%, whose default value for TDW is calculated based on our internal credit rating of Tidewater, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Tidewater.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TDW stock the variable cost ratio is equal to 107.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TDW stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Tidewater.

Corporate tax rate of 27% is the nominal tax rate for Tidewater. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TDW stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TDW are equal to 532.9%.

Life of production assets of 19.2 years is the average useful life of capital assets used in Tidewater operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TDW is equal to 23.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1634.918 million for Tidewater - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 26.085 million for Tidewater is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Tidewater at the current share price and the inputted number of shares is $0.7 billion.

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COMPANY NEWS

▶ Houston-based offshore energy cos. complete merger, new CFO named   [Nov-16-18 08:07AM  American City Business Journals]
▶ Tidewater Announces Chief Financial Officer Transition   [Nov-15-18 05:50PM  Business Wire]
▶ Tidewater: 3Q Earnings Snapshot   [Nov-12-18 04:42PM  Associated Press]
▶ Third Avenue Management Comments on Tidewater   [Nov-01-18 04:01PM  GuruFocus.com]
▶ Tidewater Announces Earnings Conference Call   [Oct-30-18 04:27PM  Business Wire]
▶ Houston offshore cos. set meetings for shareholders to vote on acquisition   [Oct-17-18 03:46PM  American City Business Journals]
▶ Stock Indexes Seek Direction As These Issues Hit Sell Signals   [Oct-09-18 03:37PM  Investor's Business Daily]
▶ Stock Market Poised To End Losing Streak; Apple Offers Entry   [12:08PM  Investor's Business Daily]
▶ Tidewater Inc to Host Earnings Call   [09:00AM  ACCESSWIRE]
▶ Tidewater: 2Q Earnings Snapshot   [Aug-13-18 04:49PM  Associated Press]
▶ Tidewater Announces Earnings Conference Call   [Aug-06-18 03:07PM  PR Newswire]
▶ Offshore energy vessel deal could open path to further acquisitions   [Jul-17-18 09:34AM  American City Business Journals]
▶ Houston energy cos. to combine after recent bankruptcies, HQ move   [09:42AM  American City Business Journals]
▶ Tidewater: Fiscal 4Q Earnings Snapshot   [May-14-18 05:36PM  Associated Press]
▶ Can The Uptrend Continue for Tidewater (TDW)?   [Mar-27-18 12:08PM  Zacks]
▶ Tidewater Inc to Host Earnings Call   [Mar-15-18 08:00AM  ACCESSWIRE]
▶ Tidewater reports 3Q loss   [Mar-14-18 06:15PM  Associated Press]
▶ Tidewater Announces Earnings Conference Call   [Mar-07-18 04:58PM  PR Newswire]
▶ Hows Halliburton Reacting to Crude Oils Price Change?   [Jan-25-18 11:10AM  Market Realist]
▶ Schlumbergers Next 7-Day Stock Price Forecast   [Jan-22-18 11:30AM  Market Realist]
▶ Halliburton Reacts to Crude Oils Price Change   [Jan-16-18 02:05PM  Market Realist]
▶ Baker Hughes Reacts to Crude Oil Price Changes   [Jan-11-18 02:35PM  Market Realist]
▶ How Did Schlumberger React to Crude Oil Prices Last Week?   [Jan-03-18 05:50PM  Market Realist]
▶ Hows Halliburton Reacting to the Change in Crude Oil Prices?   [Dec-26-17 03:25PM  Market Realist]
▶ How Schlumberger Reacted to Crude Oil Prices Last Week   [Dec-18-17 03:55PM  Market Realist]
▶ ETFs with exposure to Tidewater, Inc. : December 12, 2017   [Dec-12-17 02:15PM  Capital Cube]
▶ What Schlumbergers Next-7-Day Stock Price Forecast Tells Us   [Dec-11-17 03:22PM  Market Realist]
▶ How Weatherford Reacted to Crude Oil Prices   [Nov-14-17 07:32AM  Market Realist]
▶ Tidewater Inc to Host Earnings Call   [Nov-09-17 09:15AM  ACCESSWIRE]
▶ Tidewater Announces Earnings Conference Call   [Nov-06-17 04:47PM  PR Newswire]
▶ Analyzing Schlumbergers 7-Day Stock Price Forecast   [Oct-31-17 09:04AM  Market Realist]
▶ How Weatherford Reacted to Crude Oil Price Changes   [Oct-30-17 06:00PM  Market Realist]
▶ Weatherford Reacted to Crude Oil Price Changes   [Oct-09-17 04:06PM  Market Realist]
▶ How Schlumberger Reacted to Crude Oil Prices on September 22   [Sep-26-17 03:06PM  Market Realist]
▶ Will the Rise in Crude Oil Take Haliburton Higher?   [Sep-19-17 08:09AM  Market Realist]
▶ How Schlumberger Stock Correlates with Crude Oil   [Sep-12-17 09:07AM  Market Realist]
▶ [$$] Tidewater Fleet Finance Arrangements Tested in Court   [Aug-30-17 04:43PM  The Wall Street Journal]
▶ Correlation between Crude Oil and Schlumberger on August 25   [Aug-29-17 07:39AM  Market Realist]
▶ US Dollar Supported Crude Oil Prices Last Week   [Aug-21-17 10:57AM  Market Realist]

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