Tidewater Inc. (NYSE:TDW) Director Buys $1,002,750.00 in Stock

Tidewater Inc. (NYSE:TDW - Get Free Report) Director Robert Robotti acquired 25,000 shares of Tidewater stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the purchase, the director now owns 2,208,670 shares of the company's stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Robert Robotti also recently made the following trade(s):

• On Wednesday, March 5th, Robert Robotti bought 1,770 shares of Tidewater stock. The stock was purchased at an average price of $40.95 per share, for a total transaction of $72,481.50.

Tidewater Stock Down 0.5 %

Shares of NYSE:TDW traded down $0.22 during midday trading on Tuesday, reaching $41.23. 481,885 shares of the company were exchanged, compared to its average volume of 1,175,971. Tidewater Inc. has a fifty-two week low of $38.65 and a fifty-two week high of $111.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The stock has a fifty day simple moving average of $51.03 and a two-hundred day simple moving average of $57.59. The firm has a market cap of $2.12 billion, a PE ratio of 12.13 and a beta of 1.06.

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Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Evercore ISI lowered shares of Tidewater from an "outperform" rating to an "in-line" rating and cut their target price for the stock from $112.00 to $68.00 in a report on Wednesday, January 15th. DNB Markets assumed coverage on shares of 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 lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $92.50.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC bought a new position in Tidewater in the fourth quarter valued at $33,000. AlphaQuest LLC grew its position in Tidewater by 177.4% in the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock valued at $44,000 after purchasing an additional 511 shares in the last quarter. Headlands Technologies LLC bought a new position in Tidewater in the fourth quarter valued at $53,000. Quarry LP grew its position in Tidewater by 187.6% in the third quarter. Quarry LP now owns 814 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 531 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Tidewater by 45.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock valued at $58,000 after purchasing an additional 333 shares in the last quarter. Institutional investors own 95.13% of the company's stock.

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.