Tidewater Inc. (NYSE:TDW) – Analysts at Capital One Financial issued their Q3 2018 earnings per share (EPS) estimates for shares of Tidewater in a note issued to investors on Monday. Capital One Financial analyst J. Gibney expects that the oil and gas company will post earnings of ($0.77) per share for the quarter. Capital One Financial also issued estimates for Tidewater’s Q4 2018 earnings at ($0.83) EPS, FY2018 earnings at ($3.42) EPS and FY2019 earnings at ($1.44) EPS.
Shares of Tidewater (TDW) traded down $0.06 during trading hours on Wednesday, hitting $25.05. 10,555 shares of the stock traded hands, compared to its average volume of 131,445. The company has a quick ratio of 3.24, a current ratio of 3.36 and a debt-to-equity ratio of 0.43. Tidewater has a one year low of $20.37 and a one year high of $30.35.
A number of hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. acquired a new position in Tidewater during the 3rd quarter worth approximately $65,519,000. Wells Fargo & Company MN increased its position in Tidewater by 8,778.7% during the 3rd quarter. Wells Fargo & Company MN now owns 1,591,869 shares of the oil and gas company’s stock worth $46,292,000 after purchasing an additional 1,573,940 shares in the last quarter. California Public Employees Retirement System increased its position in Tidewater by 1.7% during the 2nd quarter. California Public Employees Retirement System now owns 1,391,746 shares of the oil and gas company’s stock worth $1,002,000 after purchasing an additional 23,700 shares in the last quarter. New York Life Investment Management LLC acquired a new position in Tidewater during the 3rd quarter worth approximately $28,225,000. Finally, Macquarie Group Ltd. acquired a new position in Tidewater during the 3rd quarter worth approximately $17,309,000.
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Tidewater Company Profile
Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.
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