Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Tidewater (NYSE: TDW) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.99 (+3.9%) at $53.47 as of 4 p.m. ET.
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Tidewater has a market cap of $2.59 billion and is part of the services sector and transportation industry. Shares are up 15.2% year to date as of the close of trading on Wednesday. Tidewater Inc. provides offshore service vessels and marine support services through the operation of a fleet of marine service vessels. The company has a P/E ratio of 30.9, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Tidewater as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Tidewater Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.