State Street Corp Purchases 35,318 Shares of Tidewater Inc. (NYSE:TDW)

State Street Corp raised its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,867,165 shares of the oil and gas company's stock after purchasing an additional 35,318 shares during the period. State Street Corp owned 3.57% of Tidewater worth $134,044,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TDW. Quarry LP raised its position in shares of Tidewater by 187.6% in the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company's stock worth $58,000 after purchasing an additional 531 shares during the last quarter. Centiva Capital LP bought a new stake in Tidewater during the 3rd quarter valued at about $958,000. Edgestream Partners L.P. purchased a new position in Tidewater in the third quarter worth about $2,688,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Tidewater in the third quarter worth approximately $819,000. Finally, Progeny 3 Inc. grew its holdings in shares of Tidewater by 25.6% during the third quarter. Progeny 3 Inc. now owns 304,239 shares of the oil and gas company's stock valued at $21,841,000 after buying an additional 61,939 shares during the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Tidewater from a "sell" rating to a "hold" rating in a report on Thursday, November 7th. Raymond James cut Tidewater from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. Finally, DNB Markets started coverage on Tidewater in a research report on Friday, November 29th. They set a "buy" rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $95.80.

Tidewater Stock Performance

TDW traded down $0.66 during mid-day trading on Friday, reaching $47.63. 830,254 shares of the company traded hands, compared to its average volume of 884,900. The company's fifty day moving average price is $56.95 and its 200-day moving average price is $77.90. The stock has a market capitalization of $2.49 billion, a P/E ratio of 14.01 and a beta of 1.10. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 52-week low of $46.50 and a 52-week high of $111.42.

Tidewater Profile

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.