New York, Jan 9, 2026, 11:21 EST — Regular session
- Tidewater shares are little changed after a 7.1% surge in the prior session
- A chart note flagged a breakout above $56 as oil prices rose
- Investors now look to Feb. 26 earnings and key technical levels
Tidewater Inc (NYSE:TDW) shares were down 0.1% at $56.66 in late morning trading on Friday, after rallying 7.1% on Thursday to close at $56.70. The stock touched $57.71 earlier in the session, and Thursday’s volume topped 1.1 million shares, more than double Wednesday’s. (Sweetwater Reporter)
The pop comes with offshore-linked names back on some screens as crude prices firmed and investors absorbed a soft U.S. jobs report. Brent was up about 0.8% at $62.49 a barrel and U.S. crude rose about 0.9% to $58.27, while December payrolls rose 50,000 and the unemployment rate dipped to 4.4%, Reuters reported. (Reuters)
Tidewater runs offshore support vessels — the workhorses that move crew and gear around rigs and production sites — so sentiment can swing with offshore spending and crude prices. In its last quarterly update on Nov. 10, the company posted third-quarter revenue of $341.1 million and said its average day rate — the revenue it earns per vessel per day — improved year on year to $22,798; it also set 2026 revenue guidance of $1.32 billion to $1.37 billion and noted a $500 million remaining share repurchase authorization. (Tidewater Investor Relations)
A Jan. 8 note from Nasdaq Dorsey Wright pointed to a technical trigger: it said TDW flashed an initial “buy signal” on Thursday when it broke a “double top” at $56 and pushed to $57. A double top is a chart pattern where a stock clears a level it failed at before; the note said a move to $58 would mark a trend shift on its model. (Oxlive)
Other offshore and oil-service names were mixed on Friday: Transocean rose 0.5%, Noble gained 1.6% and Seadrill climbed 2.8%, while Valaris fell 0.7%. The VanEck Oil Services ETF was up 0.4% and the U.S. Oil Fund rose 1.4%.
For TDW, the next checkpoints are near-term: Investing.com data show the stock’s 52-week range runs from $31.17 to $64.07, and it lists the next earnings report date as Feb. 26. That release will put numbers on vessel utilization — how much of the fleet is working — and whether day rates kept climbing into year-end. (Investing)
But a chart break can fail fast if offshore demand cools. If oil prices retreat or drilling and construction work gets pushed out, vessel day rates can slip and utilization can roll over, hitting cash flow.
