Tidewater (NYSE:TDW) Stock Price Down 4.8% – Time to Sell?

Tidewater Inc. (NYSE:TDW) fell 4.8% on Friday . The company traded as low as $47.40 and last traded at $47.50. 116,376 shares were traded during mid-day trading, a decline of 87% from the average session volume of 901,758 shares. The stock had previously closed at $49.90.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TDW shares. DNB Markets assumed coverage on Tidewater in a research note on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. Raymond James downgraded shares of Tidewater from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $131.00 to $102.00 in a report on Monday, November 11th. Finally, StockNews.com raised shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.80.

Tidewater Stock Down 5.8 %

The firm has a fifty day simple moving average of $59.35 and a 200 day simple moving average of $79.83. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The company has a market cap of $2.46 billion, a PE ratio of 13.82 and a beta of 1.10.

Hedge Funds Weigh In On Tidewater

A number of large investors have recently bought and sold shares of TDW. Van ECK Associates Corp acquired a new stake in shares of Tidewater during the 3rd quarter worth $51,089,000. Hsbc Holdings PLC increased 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 acquiring an additional 639,765 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Tidewater by 173.4% in the 3rd quarter. Cerity Partners LLC now owns 608,245 shares of the oil and gas company’s stock worth $43,666,000 after purchasing an additional 385,779 shares during the period. Villere ST Denis J & Co. LLC acquired a new position in shares of Tidewater in the 3rd quarter valued at about $25,871,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Tidewater by 622.0% during the 2nd quarter. Principal Financial Group Inc. now owns 277,346 shares of the oil and gas company’s stock worth $26,406,000 after purchasing an additional 238,933 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

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.