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

Tidewater Inc. (NYSE:TDW) has been given a consensus rating of “Buy” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $95.80.

TDW has been the topic of a number of research reports. 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 target price on the stock. StockNews.com upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Finally, Raymond James downgraded Tidewater from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $131.00 to $102.00 in a report on Monday, November 11th.

Institutional Investors Weigh In On Tidewater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDW. GAMMA Investing LLC increased its stake in 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 buying an additional 153 shares in the last quarter. Quarry LP purchased a new stake in shares of Tidewater during the second quarter worth about $27,000. Hollencrest Capital Management bought a new stake in Tidewater during the 2nd quarter valued at approximately $30,000. Northwest & Ethical Investments L.P. purchased a new position in Tidewater in the 3rd quarter worth approximately $65,000. Finally, Headlands Technologies LLC boosted its stake in Tidewater by 6,322.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 1,138 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Stock Down 1.4 %

Shares of Tidewater stock opened at $47.64 on Wednesday. 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 $46.50 and a 52-week high of $111.42. The company’s 50 day moving average price is $56.95 and its 200-day moving average price is $78.09. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.01 and a beta of 1.10.

Tidewater Company Profile

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.