Tidewater Inc. (NYSE:TDW) Given Average Recommendation of “Moderate Buy” by Brokerages

Tidewater Inc. (NYSE:TDW) has earned an average rating of “Moderate Buy” from the four ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $69.33.

Several equities analysts have commented on TDW shares. Raymond James decreased their price objective on shares of Tidewater from $76.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their target price for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Finally, Pickering Energy Partners cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

Tidewater Price Performance

NYSE:TDW opened at $42.57 on Wednesday. Tidewater has a one year low of $31.17 and a one year high of $110.06. The company has a market cap of $2.11 billion, a P/E ratio of 12.52 and a beta of 1.00. The firm’s fifty day moving average price is $38.62 and its two-hundred day moving average price is $47.93. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19.

Tidewater (NYSE:TDW) last released its quarterly earnings data on Friday, May 9th. The oil and gas company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.59 by $0.24. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. During the same period in the prior year, the company earned $0.89 EPS. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts expect that Tidewater will post 3.25 earnings per share for the current year.

Insider Activity

In other news, Director Robert Robotti bought 25,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares of the company’s stock, valued at $88,589,753.70. This trade represents a 1.14% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.33% of the stock is currently owned by insiders.

Institutional Trading of Tidewater

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Tidewater during the 4th quarter valued at approximately $4,347,000. Hodges Capital Management Inc. increased its position in Tidewater by 103.0% during the 4th quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company’s stock valued at $5,288,000 after purchasing an additional 49,050 shares during the period. Harbor Capital Advisors Inc. increased its position in Tidewater by 23.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock valued at $8,431,000 after purchasing an additional 29,721 shares during the period. Barclays PLC increased its position in Tidewater by 354.2% during the 3rd quarter. Barclays PLC now owns 78,848 shares of the oil and gas company’s stock valued at $5,661,000 after purchasing an additional 61,487 shares during the period. Finally, Pacer Advisors Inc. increased its position in Tidewater by 42,719.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after purchasing an additional 1,390,951 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.