Militia Capital Management LLC acquired a new stake in shares of Tidewater Inc. (NYSE:TDW – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,500 shares of the oil and gas company’s stock, valued at approximately $627,000.
Other hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its stake in Tidewater by 104.3% during the fourth quarter. Cerity Partners LLC now owns 1,142,935 shares of the oil and gas company’s stock valued at $57,730,000 after acquiring an additional 583,607 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in Tidewater in the 4th quarter valued at approximately $21,922,000. Keybank National Association OH bought a new stake in shares of Tidewater in the 1st quarter worth approximately $25,456,000. Canoe Financial LP bought a new stake in shares of Tidewater in the 1st quarter worth approximately $22,960,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its holdings in shares of Tidewater by 631.6% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 282,838 shares of the oil and gas company’s stock worth $23,631,000 after purchasing an additional 244,178 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.
Tidewater Stock Performance
Tidewater stock opened at $77.28 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.33 and a quick ratio of 3.22. The stock has a fifty day moving average price of $73.33 and a two-hundred day moving average price of $74.16. Tidewater Inc. has a 52-week low of $46.65 and a 52-week high of $93.13. The firm has a market capitalization of $3.84 billion, a P/E ratio of 12.95 and a beta of 0.53.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Zacks Research cut Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Pickering Energy Partners raised Tidewater from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 11th. Barclays lifted their price target on shares of Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Weiss Ratings raised shares of Tidewater from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Finally, Fearnley Fonds upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Tidewater presently has an average rating of “Hold” and an average price target of $89.33.
Get Our Latest Stock Analysis on Tidewater
About Tidewater
Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.
The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.
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