Tidewater Inc. (NYSE:TDW) Given Consensus Rating of “Hold” by Brokerages

Shares of Tidewater Inc. (NYSE:TDW) have earned an average recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $67.50.

TDW has been the subject of a number of recent analyst reports. Dnb Nor Markets downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Zacks Research upgraded shares of Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Finally, Evercore ISI lowered their price objective on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th.

Tidewater Trading Up 2.6%

Shares of Tidewater stock opened at $62.53 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79. The stock’s 50 day simple moving average is $55.27 and its 200-day simple moving average is $54.55. The stock has a market cap of $3.10 billion, a P/E ratio of 21.05 and a beta of 0.63. Tidewater has a 1-year low of $31.17 and a 1-year high of $64.88.

Tidewater (NYSE:TDW) last released its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). The business had revenue of $341.11 million during the quarter, compared to analyst estimates of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. Analysts predict that Tidewater will post 3.25 EPS for the current fiscal year.

Institutional Trading of Tidewater

Institutional investors and hedge funds have recently bought and sold shares of the business. U S Global Investors Inc. acquired a new stake in shares of Tidewater during the fourth quarter worth about $178,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Tidewater during the 4th quarter worth approximately $1,036,000. Greenwood Capital Associates LLC acquired a new stake in Tidewater during the 4th quarter worth approximately $431,000. Farther Finance Advisors LLC boosted its position in Tidewater by 18.1% in the 4th quarter. Farther Finance Advisors LLC now owns 28,997 shares of the oil and gas company’s stock valued at $1,465,000 after buying an additional 4,444 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Tidewater by 50.2% in the fourth quarter. State of Alaska Department of Revenue now owns 34,785 shares of the oil and gas company’s stock worth $1,756,000 after acquiring an additional 11,625 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.