Brokerages Set Tidewater Inc. (NYSE:TDW) Target Price at $102.25

Shares of Tidewater Inc. (NYSE:TDW - Get Free Report) have received a consensus recommendation of "Buy" from the five analysts that are covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $102.25.

TDW has been the subject of several research reports. Raymond James downgraded shares of Tidewater from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the company from $131.00 to $102.00 in a research note on Monday, November 11th. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th.

Institutional Investors Weigh In On Tidewater

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Tidewater by 25.7% during the first quarter. Vanguard Group Inc. now owns 4,814,738 shares of the oil and gas company's stock worth $442,956,000 after buying an additional 985,398 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Tidewater in the 3rd quarter valued at about $51,089,000. Hsbc Holdings PLC grew its stake in Tidewater by 11,317.3% during the second quarter. Hsbc Holdings PLC now owns 645,418 shares of the oil and gas company's stock worth $60,992,000 after purchasing an additional 639,765 shares during the period. Cerity Partners LLC boosted its holdings in shares of Tidewater by 173.4% during the 3rd quarter. Cerity Partners LLC now owns 608,245 shares of the oil and gas company's stock worth $43,666,000 after buying an additional 385,779 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC acquired a new stake in shares of Tidewater during the 3rd quarter worth approximately $25,871,000. Institutional investors own 95.13% of the company's stock.

Tidewater Price Performance

Tidewater stock opened at $50.73 on Friday. The stock has a fifty day moving average of $66.06 and a 200-day moving average of $85.53. The stock has a market capitalization of $2.65 billion, a P/E ratio of 14.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater has a 52 week low of $50.69 and a 52 week high of $111.42.

Tidewater declared that its Board of Directors has initiated a stock buyback program on Tuesday, August 6th that authorizes the company to buyback $13.90 million in shares. This buyback authorization authorizes the oil and gas company to repurchase up to 0.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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.