Tidewater Inc. (NYSE:TDW) Receives Average Recommendation of “Hold” from Analysts

Shares of Tidewater Inc. (NYSE:TDW) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $91.00.

TDW has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Tidewater from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Pickering Energy Partners upgraded Tidewater from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 11th. Zacks Research cut Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Fearnley Fonds raised Tidewater from a “hold” rating to a “strong-buy” rating in a report on Friday, June 5th. Finally, Weiss Ratings lowered shares of Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th.

Tidewater Stock Performance

Shares of TDW opened at $92.97 on Tuesday. The company has a quick ratio of 3.47, a current ratio of 3.58 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $76.96 and a two-hundred day simple moving average of $78.25. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 18.82 and a beta of 0.53. Tidewater has a 52 week low of $46.65 and a 52 week high of $97.50.

Tidewater (NYSE:TDW) last posted its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). The company had revenue of $342.29 million for the quarter, compared to analysts’ expectations of $329.97 million. Tidewater had a net margin of 18.34% and a return on equity of 5.36%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 earnings per share. On average, analysts expect that Tidewater will post 3.08 EPS for the current year.

Insider Transactions at Tidewater

In other Tidewater news, EVP Samuel R. Rubio sold 17,705 shares of Tidewater stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $91.56, for a total value of $1,621,069.80. Following the sale, the executive vice president directly owned 33,214 shares in the company, valued at approximately $3,041,073.84. The trade was a 34.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Tidewater

A number of hedge funds have recently made changes to their positions in TDW. Inspire Investing LLC increased its stake in Tidewater by 1.2% in the 1st quarter. Inspire Investing LLC now owns 11,332 shares of the oil and gas company’s stock worth $947,000 after acquiring an additional 131 shares during the last quarter. Baron Wealth Management LLC grew its holdings in shares of Tidewater by 4.5% in the second quarter. Baron Wealth Management LLC now owns 3,286 shares of the oil and gas company’s stock valued at $219,000 after purchasing an additional 141 shares in the last quarter. Lido Advisors LLC grew its holdings in shares of Tidewater by 2.8% in the fourth quarter. Lido Advisors LLC now owns 5,509 shares of the oil and gas company’s stock valued at $290,000 after purchasing an additional 149 shares in the last quarter. Clearstead Advisors LLC increased its position in Tidewater by 22.2% in the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 158 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Tidewater by 5.8% during the second quarter. GAMMA Investing LLC now owns 3,015 shares of the oil and gas company’s stock valued at $201,000 after purchasing an additional 164 shares during the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

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.