Tidewater CFO Unloads $405,720 in Stock (TDW)
Tidewater (NYSE:TDW) CFO Quinn Fanning unloaded 7,000 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $57.96, for a total value of $405,720.00. Following the completion of the transaction, the chief financial officer now directly owns 55,478 shares in the company. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TDW. Analysts at Barclays Capital raised their price target on shares of Tidewater (NYSE:TDW) from $62.00 to $71.00 in a research note to investors on Tuesday, September 3rd. They now have an “overweight” rating on the stock. Finally, analysts at Global Hunter Securities raised their price target on shares of Tidewater (NYSE:TDW) from $68.00 to $69.00 in a research note to investors on Wednesday, August 7th. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. Tidewater presently has a consensus rating of “Buy” and a consensus price target of $60.44.
Tidewater (NYSE:TDW) traded up 1.43% during mid-day trading on Monday, hitting $58.08. The stock had a trading volume of 188,312 shares. Tidewater has a 52-week low of $42.33 and a 52-week high of $62.38. The stock’s 50-day moving average is $56.62 and its 200-day moving average is $54.32. The company has a market cap of $2.859 billion and a price-to-earnings ratio of 19.14.
Tidewater (NYSE:TDW) last announced its earnings results on Tuesday, August 6th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.08. The company had revenue of $334.10 million for the quarter, compared to the consensus estimate of $333.33 million. During the same quarter last year, the company posted $0.65 earnings per share. Tidewater’s revenue was up 13.5% compared to the same quarter last year. On average, analysts predict that Tidewater will post $3.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 16th. Shareholders of record on Friday, September 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, September 4th.
Tidewater Inc, provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.
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