Tidewater Inc. (NYSE:TDW) Receives $67.50 Consensus PT from Analysts

Shares of Tidewater Inc. (NYSE:TDW) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $67.50.

Several equities analysts have weighed in on TDW shares. Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Dnb Nor Markets downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Evercore ISI decreased their price target on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th.

Tidewater Stock Down 6.3%

Shares of NYSE:TDW opened at $63.25 on Friday. The business has a fifty day moving average of $56.45 and a two-hundred day moving average of $55.12. The stock has a market cap of $3.13 billion, a P/E ratio of 21.29 and a beta of 0.65. Tidewater has a 52-week low of $31.17 and a 52-week high of $67.92. The company has a quick ratio of 2.79, a current ratio of 2.89 and a debt-to-equity ratio of 0.57.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). The business had revenue of $341.11 million for the quarter, compared to analysts’ expectations of $328.84 million. Tidewater had a return on equity of 14.86% and a net margin of 11.14%.The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. On average, research analysts expect that Tidewater will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bogart Wealth LLC lifted its stake in shares of Tidewater by 28.6% in the 2nd quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after purchasing an additional 200 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Tidewater by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,579 shares of the oil and gas company’s stock valued at $534,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Tidewater by 23.5% during the third quarter. Parkside Financial Bank & Trust now owns 1,073 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 204 shares during the period. Lido Advisors LLC boosted its position in shares of Tidewater by 4.0% during the third quarter. Lido Advisors LLC now owns 5,360 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 208 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in Tidewater by 4.5% in the second quarter. Ameritas Investment Partners Inc. now owns 5,165 shares of the oil and gas company’s stock valued at $238,000 after buying an additional 224 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

About Tidewater

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.