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

Tidewater Inc. (NYSE:TDW - Get Free Report) has been given a consensus recommendation of "Buy" by the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $95.80.

A number of brokerages have weighed in on TDW. StockNews.com raised Tidewater from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Raymond James lowered 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 initiated coverage on shares of Tidewater in a research note on Friday, November 29th. They set a "buy" rating and a $70.00 price objective for the company.

Hedge Funds Weigh In On Tidewater

A number of hedge funds have recently bought and sold shares of TDW. GAMMA Investing LLC lifted its holdings in shares of Tidewater by 135.4% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the oil and gas company's stock worth $25,000 after purchasing an additional 153 shares during the last quarter. Quarry LP bought a new stake in Tidewater in the second quarter valued at $27,000. Hollencrest Capital Management acquired a new position in shares of Tidewater during the second quarter valued at $30,000. Northwest & Ethical Investments L.P. bought a new position in shares of Tidewater during the third quarter worth about $65,000. Finally, Headlands Technologies LLC grew its position in shares of Tidewater by 6,322.2% during the second quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company's stock worth $110,000 after acquiring an additional 1,138 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Tidewater Trading Up 5.0 %

NYSE:TDW traded up $2.37 on Wednesday, reaching $49.53. The stock had a trading volume of 1,311,916 shares, compared to its average volume of 910,966. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 13.87 and a beta of 1.10. Tidewater has a 12-month low of $46.50 and a 12-month high of $111.42. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. The firm's fifty day moving average is $58.34 and its two-hundred day moving average is $78.89.

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.