Tidewater Inc. (NYSE:TDW) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tidewater Inc. (NYSE:TDW) have received a consensus rating of “Moderate Buy” from the five research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $92.50.

Several equities research analysts have weighed in on TDW shares. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. StockNews.com raised shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Raymond James downgraded shares of 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. DNB Markets assumed coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th.

Insider Transactions at Tidewater

In other news, CEO Quintin Kneen purchased 41,615 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $48.06 per share, for a total transaction of $2,000,016.90. Following the purchase, the chief executive officer now directly owns 176,239 shares in the company, valued at approximately $8,470,046.34. This trade represents a 30.91 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC bought a new position in Tidewater in the 4th quarter valued at approximately $33,000. AlphaQuest LLC boosted its position in shares of Tidewater by 177.4% during the fourth quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 511 shares during the last quarter. Headlands Technologies LLC purchased a new position in Tidewater in the 4th quarter worth about $53,000. Quarry LP lifted its stake in Tidewater by 187.6% during the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 531 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Tidewater by 45.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

Shares of NYSE:TDW opened at $50.50 on Monday. 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 50-day moving average price of $53.82 and a 200-day moving average price of $62.56. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 14.85 and a beta of 1.04. 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.