Tidewater Inc. (NYSE:TDW – Get Free Report) EVP Daniel Hudson sold 15,000 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $99.08, for a total value of $1,486,200.00. Following the transaction, the executive vice president directly owned 33,029 shares of the company’s stock, valued at approximately $3,272,513.32. The trade was a 31.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Tidewater Stock Down 0.3%
TDW opened at $94.32 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.47 and a current ratio of 3.58. The company has a market capitalization of $4.69 billion, a PE ratio of 19.09 and a beta of 0.56. The stock’s fifty day moving average is $81.93 and its 200-day moving average is $79.83. Tidewater Inc. has a one year low of $46.65 and a one year high of $101.57.
Tidewater (NYSE:TDW – Get Free Report) last announced its earnings results on Monday, August 3rd. The oil and gas company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $342.29 million for the quarter, compared to the consensus estimate of $329.97 million. Tidewater had a net margin of 18.34% and a return on equity of 5.36%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.46 EPS. On average, equities analysts predict that Tidewater Inc. will post 3.08 EPS for the current fiscal year.
Hedge Funds Weigh In On Tidewater
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the stock. Pickering Energy Partners raised shares of Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Fearnley Fonds raised shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Weiss Ratings cut shares of Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Barclays upped their price target on Tidewater from $86.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Tidewater has a consensus rating of “Moderate Buy” and a consensus price target of $98.25.
Check Out Our Latest Research Report on Tidewater
Tidewater Company Profile
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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