Tidewater Inc. (NYSE:TDW) Receives Consensus Rating of “Moderate Buy” from Analysts

Tidewater Inc. (NYSE:TDW) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $92.50.

TDW has been the subject of a number of research analyst reports. Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and lowered their target price for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. DNB Markets initiated coverage on Tidewater in a report on Friday, November 29th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Pickering Energy Partners cut 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 $43.56 on Friday. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater has a 52-week low of $38.65 and a 52-week high of $111.42. The stock has a fifty day moving average of $49.47 and a 200 day moving average of $55.94.

Insider Transactions at Tidewater

In other news, Director Robert Robotti purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the acquisition, the director now directly owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.33% of the company’s stock.

Institutional Trading of Tidewater

A number of hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP acquired a new stake in Tidewater during the third quarter worth about $243,000. Advisors Asset Management Inc. boosted its holdings in Tidewater by 58.8% during the third quarter. Advisors Asset Management Inc. now owns 3,510 shares of the oil and gas company’s stock valued at $252,000 after acquiring an additional 1,299 shares during the period. Intech Investment Management LLC bought a new stake in shares of Tidewater during the third quarter valued at approximately $1,788,000. Landscape Capital Management L.L.C. bought a new position in Tidewater during the 3rd quarter valued at about $904,000. Finally, Thompson Siegel & Walmsley LLC increased its holdings in shares of Tidewater by 2.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 93,021 shares of the oil and gas company’s stock valued at $6,678,000 after purchasing an additional 2,066 shares in the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

About Tidewater

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.