De Lisle Partners LLP Acquires Shares of 126,273 Tidewater Inc. $TDW

De Lisle Partners LLP bought a new position in shares of Tidewater Inc. (NYSE:TDW) in the second quarter, Holdings Channel reports. The firm bought 126,273 shares of the oil and gas company’s stock, valued at approximately $8,412,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Inspire Investing LLC boosted its position in shares of 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 purchasing an additional 131 shares during the last quarter. Baron Wealth Management LLC increased its holdings in 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 during the last quarter. Lido Advisors LLC increased its holdings in 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 during the last quarter. Clearstead Advisors LLC lifted its stake in Tidewater by 22.2% in the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 158 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Tidewater by 5.8% in the second quarter. GAMMA Investing LLC now owns 3,015 shares of the oil and gas company’s stock valued at $201,000 after buying an additional 164 shares during the period. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

TDW stock opened at $96.17 on Friday. The business’s 50-day moving average price is $76.58 and its two-hundred day moving average price is $77.96. The company has a current ratio of 3.58, a quick ratio of 3.47 and a debt-to-equity ratio of 0.47. The firm has a market cap of $4.79 billion, a PE ratio of 19.47 and a beta of 0.53. Tidewater Inc. has a 1-year low of $46.65 and a 1-year high of $97.50.

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

Insider Buying and Selling at Tidewater

In related news, EVP Samuel R. Rubio sold 17,705 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.56, for a total value of $1,621,069.80. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TDW shares. Weiss Ratings cut Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Barclays increased their price target on shares of Tidewater from $86.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Fearnley Fonds raised shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Pickering Energy Partners upgraded shares of Tidewater from an “underperform” rating to a “neutral” rating in a report on Thursday, June 11th. Finally, Zacks Research downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $91.00.

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.