Tidewater Director Dean Taylor Sells 13,598 Shares (TDW)
Tidewater (NYSE:TDW) Director Dean Taylor unloaded 13,598 shares of the company’s stock on the open market in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $59.94, for a total value of $815,064.12. Following the transaction, the director now directly owns 197,891 shares of the company’s stock, valued at approximately $11,861,587. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Tidewater (NYSE:TDW) traded down 0.42% on Wednesday, hitting $59.82. The stock had a trading volume of 517,021 shares. Tidewater has a 52 week low of $45.05 and a 52 week high of $63.22. The stock’s 50-day moving average is $57.52 and its 200-day moving average is $58.29. The company has a market cap of $2.948 billion and a P/E ratio of 18.48.
Tidewater (NYSE:TDW) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.88 by $0.21. The company had revenue of $367.94 million for the quarter, compared to the consensus estimate of $358.88 million. During the same quarter last year, the company posted $0.83 earnings per share. Tidewater’s revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that Tidewater will post $4.11 earnings per share for the current fiscal year.
TDW has been the subject of a number of recent research reports. Analysts at ISI Group raised their price target on shares of Tidewater from $50.00 to $52.00 in a research note to investors on Wednesday, November 6th. They now have a “cautious” rating on the stock. Separately, analysts at Howard Weil raised their price target on shares of Tidewater from $64.00 to $71.00 in a research note to investors on Wednesday, November 6th. They now have a “sector outperform” rating on the stock. Finally, analysts at Barclays reiterated a “buy” rating on shares of Tidewater in a research note to investors on Wednesday, November 6th. They now have a $71.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Tidewater currently has a consensus rating of “Buy” and an average price target of $65.40.
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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