Tidewater (NYSE:TDW) EVP Sells 17,705 Shares of Stock

Tidewater Inc. (NYSE:TDWGet Free Report) EVP Samuel Rubio sold 17,705 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $91.56, for a total value of $1,621,069.80. Following the completion of the transaction, the executive vice president owned 33,214 shares in the company, valued at $3,041,073.84. This represents a 34.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tidewater Price Performance

Shares of NYSE:TDW traded up $2.83 on Friday, hitting $94.35. The company’s stock had a trading volume of 461,427 shares, compared to its average volume of 790,218. The company has a market capitalization of $4.69 billion, a PE ratio of 19.10 and a beta of 0.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.58 and a quick ratio of 3.47. The company has a 50-day simple moving average of $74.09 and a 200 day simple moving average of $76.69. Tidewater Inc. has a 1 year low of $46.65 and a 1 year high of $95.32.

Tidewater (NYSE:TDWGet Free Report) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $342.29 million for the quarter, compared to analysts’ expectations of $329.97 million. Tidewater had a return on equity of 5.36% and a net margin of 18.34%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. Sell-side analysts forecast that Tidewater Inc. will post 3.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Tidewater

Several institutional investors have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Tidewater in the fourth quarter valued at about $1,036,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Tidewater in the fourth quarter worth about $1,953,000. Tejara Capital Ltd boosted its stake in Tidewater by 127.6% in the 4th quarter. Tejara Capital Ltd now owns 44,600 shares of the oil and gas company’s stock worth $2,253,000 after purchasing an additional 25,000 shares during the period. Bank of New York Mellon Corp grew its stake in Tidewater by 6.7% during the first quarter. Bank of New York Mellon Corp now owns 323,869 shares of the oil and gas company’s stock valued at $27,059,000 after acquiring an additional 20,472 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Tidewater during the fourth quarter valued at about $346,000. 95.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TDW shares. Fearnley Fonds raised shares of Tidewater from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Barclays upped their target price on shares of Tidewater from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday. Pickering Energy Partners raised Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Weiss Ratings cut Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Finally, Zacks Research lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $91.00.

Check Out Our Latest Research Report on Tidewater

About Tidewater

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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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