Tidewater Inc. announced a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and Atlantic Offshore Services S.A. for approximately $500 million in cash. The acquisition will expand Tidewater's Brazilian offshore vessel fleet from 6 to 28 vessels and its global fleet to 231 vessels. WSUT is expected to generate $220 million in revenue with a 58% gross margin in the first 12 months post-closing, with the deal expected to boost earnings and cash flow per share in 2026 and 2027.

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Sector ETF report for XES

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Cactus (WHD) delivered earnings and revenue surprises of 11.94% and 2.27%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

As of March 26, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Archrock, Inc. (NYSE: AROC) On Feb. 20, Archrock posted better-than-expected quarterly sales. The company’s stock gained around ...

Companies In The News Are: NTAP, MTZ, COO, TDW.

Shares of Zscaler, Inc. (NASDAQ: ZS) shares fell sharply during Friday’s session following second-quarter results. Zscaler posted better-than-expected earnings and sales results for its second quarter on Thursday. The company said it expects fiscal year 2024 non-GAAP income from operations between $395 million and $400 million and net income per share between $2.73 and $2.77. Zscaler shares fell 10.1% to $217.43 on Friday. Here are some other stocks moving in today's mid-day session. Gainers BioVie Inc. (NASDAQ: BIVI) shares climbed 96.1% to $2.4319. BioVie's Ne3107 demonstrated potential improvements in motor and non-motor symptoms for Parkinson's disease patients and may be realigning physiological processes for Alzheimer's patients. Adial Pharmaceuticals, Inc. (NASDAQ: ADIL) gained 68.4% to $3.4350. Adial Pharmaceuticals was awarded a new patent covering AD04 for the potential treatment of opioid use disorder. Cardiff Oncology, Inc. (NASDAQ: CRDF) shares rose 41.5% to $2.50 after the company reported better-than-expected fourth-quarter financial results, provided a clinical update on the Phase 2 randomized second-line ONSEMBLE trial in patients with RAS-mutated mCRC and announced the first patient was dosed in the randomized first-line RAS-mutated mCRC trial. Minim, Inc. (NASDAQ: MINM) shares rose 41.4% to $6.09. On Feb. 20, Minim entered into an employment agreement with David Lazar to engage him as CEO, CFO, following resignation of Jeremy Hitchcock. The RealReal, Inc. (NASDAQ: REAL) gained 39.1% to $2.4613 following upbeat quarterly results. Nxu, Inc. (NASDAQ: NXU) shares gained 36.4% to $1.09 after the company announced it successfully charged a Tesla Cybertruck on Feb. 26. Jaguar Health, Inc. (NASDAQ: JAGX) climbed 35.3% to $0.0798. Dell Technologies Inc. (NYSE: DELL) rose 26.3% to $119.52 as the company reported better-than-expected fourth-quarter financial results and increased its annual cash dividend by 20%. Sweetgreen, Inc. (NYSE: SG) gained 26% to $16.05 after the company reported better-than-expected fourth-quarter financial results. MMTec, Inc. (NASDAQ: MTC) climbed 25% to $1.61. Everbridge, Inc. (NASDAQ: EVBG) rose 24.5% to $35.19 after it amended and restated the previously announced merger agreement with Thoma Bravo. NetApp, Inc. (NASDAQ: NTAP) shares gained 24.4% to $110.85 after the company reported better-than-expected third-quarter financial results ...

U.S. stocks were higher, with the Nasdaq Composite gaining around 0.5% on Friday. Shares of The Cooper Companies, Inc. (NYSE: COO) rose sharply during Friday’s session after the company reported better-than-expected first-quarter financial results and raised guidance. Cooper Companies posted adjusted earnings of 85 cents per share, beating market estimates of 78 cents per share. The company’s quarterly sales came in at $931.60 million versus expectations of $915.94 million, according to data from Benzinga Pro. The Cooper Companies shares rose 7.4% to $100.61 on Friday. Here are some other big stocks recording gains in today’s session. Dell Technologies Inc. (NYSE: DELL) jumped 26.3% to $119.52 as the company reported better-than-expected fourth-quarter financial results and increased its annual cash dividend by 20%. Sweetgreen, Inc. (NYSE: SG) rose 26% to $16.05 after the company reported better-than-expected fourth-quarter financial results. Everbridge, Inc. (NASDAQ: EVBG) climbed 24.5% to $35.19 after it amended and restated the previously announced merger agreement with Thoma Bravo. NetApp, Inc. (NASDAQ:

Tidewater (TDW) delivered earnings and revenue surprises of 62.07% and 2.07%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?

Shares of United Parcel Service, Inc. (NYSE: UPS) fell sharply during Tuesday’s session after the company reported worse-than-expected fourth-quarter sales results and issued FY24 sales guidance below estimates. UPS reported a fourth-quarter fiscal 2023 revenue decline of 7.8% year-over-year to $24.92 billion, missing the consensus of $25.43 billion. Adjusted EPS was $2.47, down from $3.62 in Q4 2022, in line with the consensus. United Parcel Service shares dipped 8.3% to $145.04 on Tuesday. Here are some other stocks moving in today's mid-day session. Gainers Agape ATP Corporation (NASDAQ: ATPC) shares jumped 79% to $0.9120. Pixelworks, Inc. (NASDAQ: PXLW) rose 56.8% to $2.3209 after the company entered into a multi-year agreement with Walt Disney Studios. Agrify Corporation (NASDAQ: AGFY) surged 50.7% to $0.9120 after a 13D filing showed I-Tseng Jenny Chan reported a 49.99% stake in the company. Rail Vision Ltd. (NASDAQ: RVSN) gained 38.8% to $20.38 after the company announced its next generation AI-based computer to be incorporated in its Main Line and Switch Yard systems. Inspire Veterinary Partners, Inc. (NASDAQ: IVP) climbed 38% to $0.2359 after falling around 24% on Monday. Inspire Veterinary Partners recently filed a prospectus related to up to a $5 million public offering. Sanmina Corporation (NASDAQ: SANM) shares climbed 36.7% to $69.21 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates. Selina Hospitality PLC (NASDAQ: SLNA) gained 20.8% to $0.4603. C3is Inc. (NASDAQ: CISS) shares surged 19.1% to $0.1609 after a 13G filing showed S.H.N. Financial reported a 9.1% stake in the company. Brainstorm Cell Therapeutics Inc. (NASDAQ: BCLI) rose 18.2% to $0.39. Kura Oncology, Inc. (NASDAQ: KURA) climbed 16.1% to $21.60. Kura Oncology reported preliminary ziftomenib combination data in acute myeloid leukemia. Petros Pharmaceuticals, Inc. (NASDAQ: PTPI) gained 13.9% to $1.56 after gaining more than 25% on ...

Tidewater (TDW) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.