Tidewater Inc. (NYSE:TDW) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Tidewater Inc. (NYSE:TDW - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $92.50.

A number of research analysts recently issued reports on TDW shares. Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and cut their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Finally, DNB Markets initiated coverage on shares of Tidewater in a report on Friday, November 29th. They issued a "buy" rating and a $70.00 price objective on the stock.

Insider Transactions at Tidewater

In other news, Director Robert Robotti purchased 25,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $40.11 per share, with a total value 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 $88,589,753.70. This trade represents a 1.14 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 8.33% of the stock is currently owned by insiders.

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Institutional Trading of Tidewater

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TDW. CSS LLC IL bought a new position in shares of Tidewater during the 4th quarter worth about $547,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Tidewater by 8.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,902 shares of the oil and gas company's stock worth $2,347,000 after purchasing an additional 3,325 shares during the period. Voloridge Investment Management LLC increased its stake in shares of Tidewater by 110.7% during the 4th quarter. Voloridge Investment Management LLC now owns 340,103 shares of the oil and gas company's stock worth $18,607,000 after purchasing an additional 178,650 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Tidewater by 89.4% in the fourth quarter. Squarepoint Ops LLC now owns 208,744 shares of the oil and gas company's stock valued at $11,420,000 after buying an additional 98,522 shares during the period. Finally, Silvercrest Asset Management Group LLC lifted its holdings in Tidewater by 15.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 531,981 shares of the oil and gas company's stock valued at $29,105,000 after purchasing an additional 70,194 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.

Tidewater Price Performance

TDW stock traded down $0.48 during midday trading on Friday, reaching $43.56. 1,235,305 shares of the company's stock traded hands, compared to its average volume of 1,010,784. The company has a 50-day simple moving average of $49.69 and a two-hundred day simple moving average of $56.16. 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 has a 1-year low of $38.65 and a 1-year high of $111.42. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 12.81 and a beta of 1.06.

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.