Insider Selling: Tidewater Insider Sells 1,188 Shares of Stock (TDW)
Tidewater (NYSE:TDW) Insider Craig Demarest unloaded 1,188 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $55.00, for a total transaction of $65,340.00. Following the transaction, the insider now directly owns 15,235 shares in the company, valued at approximately $837,925. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TDW has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Tidewater from $53.00 to $58.00 in a research note on Tuesday, May 27th. They now have a “buy” rating on the stock. Separately, analysts at Capital One Financial Corp. reiterated an “overweight” rating on shares of Tidewater in a research note on Thursday, May 22nd. They now have a $59.00 price target on the stock, down previously from $62.00. Finally, analysts at Barclays cut their price target on shares of Tidewater from $71.00 to $68.00 in a research note on Thursday, May 22nd. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $62.87.
Shares of Tidewater (NYSE:TDW) traded up 0.11% during mid-day trading on Tuesday, hitting $54.70. The stock had a trading volume of 419,399 shares. Tidewater has a 52-week low of $45.51 and a 52-week high of $63.22. The stock has a 50-day moving average of $51.57 and a 200-day moving average of $51.69. The company has a market cap of $2.710 billion and a price-to-earnings ratio of 19.38.
Tidewater (NYSE:TDW) last released its earnings data on Tuesday, May 20th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.26. The company had revenue of $367.80 million for the quarter, compared to the consensus estimate of $359.84 million. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Analysts expect that Tidewater will post $4.81 EPS for the current fiscal year.
Tidewater Inc provides offshore supply vessels and marine support services to the offshore energy industry through the operation of marine service vessels.