Tidewater Inc. (NYSE:TDW) Receives $89.33 Consensus Target Price from Analysts

Shares of Tidewater Inc. (NYSE:TDW) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $89.3333.

TDW has been the subject of a number of research analyst reports. Dawson James reaffirmed an “outperform” rating on shares of Tidewater in a research note on Tuesday, March 3rd. Barclays upped their price objective on Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Raymond James Financial set a $117.00 target price on Tidewater in a research report on Tuesday, March 3rd. Finally, Zacks Research raised Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th.

Insider Buying and Selling at Tidewater

In other Tidewater news, EVP Daniel A. Hudson sold 15,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $77.50, for a total transaction of $1,162,500.00. Following the sale, the executive vice president directly owned 50,986 shares of the company’s stock, valued at $3,951,415. The trade was a 22.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Samuel R. Rubio sold 22,461 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the transaction, the executive vice president owned 60,066 shares of the company’s stock, valued at approximately $4,808,283.30. This represents a 27.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 42,656 shares of company stock valued at $3,379,012 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Tidewater

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. bought a new position in Tidewater in the first quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its stake in shares of Tidewater by 401.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 413 shares in the last quarter. Blume Capital Management Inc. boosted its holdings in shares of Tidewater by 128.3% in the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 295 shares during the last quarter. Longview Financial Advisors Inc. bought a new position in shares of Tidewater in the first quarter valued at $54,000. Finally, Parallel Advisors LLC grew its stake in shares of Tidewater by 37.3% in the first quarter. Parallel Advisors LLC now owns 766 shares of the oil and gas company’s stock valued at $64,000 after buying an additional 208 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

Shares of TDW stock opened at $81.72 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.22 and a current ratio of 3.33. The company has a market capitalization of $4.06 billion, a P/E ratio of 13.69 and a beta of 0.57. The company’s 50 day moving average price is $82.16 and its two-hundred day moving average price is $67.17. Tidewater has a 52 week low of $38.24 and a 52 week high of $93.13.

Tidewater (NYSE:TDW) last released its quarterly earnings results on Monday, May 4th. The oil and gas company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.63). Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The company had revenue of $326.22 million during the quarter, compared to analyst estimates of $322.83 million. During the same quarter last year, the company earned $0.83 EPS. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. On average, analysts expect that Tidewater will post 3.52 earnings per share for the current fiscal year.

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.