Analysts Set Tidewater Inc. (NYSE:TDW) Target Price at $95.80

Shares of Tidewater Inc. (NYSE:TDW - Get Free Report) have been assigned an average recommendation of "Buy" from the six brokerages that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $95.80.

TDW has been the topic of several research reports. Raymond James lowered Tidewater from a "strong-buy" rating to an "outperform" rating and lowered their target price for the company from $131.00 to $102.00 in a report on Monday, November 11th. StockNews.com raised shares of Tidewater from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th. Finally, DNB Markets initiated coverage on shares of Tidewater in a research report on Friday, November 29th. They set a "buy" rating and a $70.00 target price for the company.

Insider Buying and Selling at Tidewater

In other Tidewater news, CEO Quintin Kneen purchased 41,615 shares of the business's stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $48.06 per share, for a total transaction of $2,000,016.90. Following the acquisition, the chief executive officer now owns 176,239 shares of the company's stock, valued at approximately $8,470,046.34. The trade was a 30.91 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 8.33% of the stock is owned by insiders.

Institutional Investors Weigh In On Tidewater

Hedge funds and other institutional investors have recently made changes to their positions in the business. Natixis Advisors LLC boosted its stake in Tidewater by 0.7% in the 2nd quarter. Natixis Advisors LLC now owns 26,520 shares of the oil and gas company's stock worth $2,525,000 after buying an additional 174 shares during the last quarter. Rhumbline Advisers increased its position in Tidewater by 102.4% during the second quarter. Rhumbline Advisers now owns 137,603 shares of the oil and gas company's stock worth $13,101,000 after purchasing an additional 69,626 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Tidewater during the second quarter worth approximately $1,123,000. Victory Capital Management Inc. boosted its holdings in shares of Tidewater by 10.1% in the 2nd quarter. Victory Capital Management Inc. now owns 250,025 shares of the oil and gas company's stock valued at $23,805,000 after purchasing an additional 22,845 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of Tidewater by 23.2% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 201,504 shares of the oil and gas company's stock valued at $19,185,000 after purchasing an additional 37,943 shares during the last quarter. Hedge funds and other institutional investors own 95.13% of the company's stock.

Tidewater Price Performance

Shares of NYSE:TDW traded up $0.73 during trading on Friday, hitting $56.46. 1,061,174 shares of the stock were exchanged, compared to its average volume of 1,087,337. The company has a market cap of $2.95 billion, a PE ratio of 16.61 and a beta of 1.06. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average price of $52.99 and a two-hundred day moving average price of $72.75. Tidewater has a 12-month low of $46.50 and a 12-month high of $111.42.

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.