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The Screen · Energy · Oil & Gas Equipment & Services
Tidewater Inc.
TDW · the NYSE · USD · Market cap $4.4B · 7,300 employees
Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide.
Positioning no disclosures inside 60 days, left as found
Options no verdict drawn today, left as found
Ethical passes the values gate
Price86.69 USD
Fair value72.91
Ethical score70.0/100
Our investment reviews on this name
2026-09-14Read Accumulation93.04-6.8% to today
2026-08-14Read Markup91.61-5.4% to today
2026-07-02Read Markdown76.91+12.7% to today
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Tidewater Inc. holds its Distribution at $86.69. The statistical read favours the sellers, held for 184 days.
As held on the ledger · 2026-09-18
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 184 days
Price at the screen
$86.69
Valuation
17.88 trailing · 14.66 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.57
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
28.46%
Below 33%
Interest-bearing debt is just 28.5% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
36.20%
Below 49%
Money owed to the company is 36.2% of assets, under the 49% limit.
Pass
Revenue purity
0.60%
Below 5%
Only 0.6% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-18 screen. The gold marker is the market price at the same screen. The price runs 15.9% above the base estimate.
Third-party analyst targets: 8 covering, consensus Buy. The average target sits +10% from the screen price.
Reading the gap · Our more conservative model reads it as fully-to-richly valued here, while the Street is more bullish: a quality-at-a-fair-price name rather than a deep-value one.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-18 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Offshore vessels chase oil that rarely stays steady
Picture a fleet of ships servicing rigs that only earn when crude prices cooperate. Tidewater sits right in that spot, offering marine support to the offshore energy patch, yet revenue has already dropped 43% while the forward multiple sits at just 12.1 times. Our fair value sits below the current price, so the apparent bargain is no bargain at all.
The low multiple reflects peak-cycle earnings, not a durable edge. Profit margins of 22% and return on equity of 24% look solid today, but both numbers are hostages to energy prices that swing hard and fast. Analysts rate the shares a hold with a median target above the market price, yet none of that changes the fact that the business is cyclical by nature.
Currency swings, contract gaps and sudden rig idling sit at the core of the risk. The ethical screen clears without issue, yet the absence of any margin of safety leaves nothing to work with here. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
TDW trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The framework has shifted from markup to accumulation since the last review. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 1.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 15% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (7 analysts) rates it hold, with a mean price target of $87.
2026-08-14Markup · changed$91.61+19.1%Entry 4
The framework has shifted from markdown to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 19.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 15% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (7 analysts) rates it hold, with a mean price target of $87.
2026-07-18Markdown$76.91+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is holding around 15% above its long-term trend line with momentum reading neutral. Over the past year the shares are up 54%. Our forward projection puts the odds of a 10% gain over the next month near 23%. The street (7 analysts) rates it hold, with a mean price target of $87.
2026-07-03Markdown$76.91+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markdown$76.91Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
