12,873 Shares in Tidewater Inc. $TDW Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in Tidewater Inc. (NYSE:TDW) in the third quarter, HoldingsChannel reports. The institutional investor bought 12,873 shares of the oil and gas company’s stock, valued at approximately $687,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its stake in shares of Tidewater by 23.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,073 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 204 shares during the period. Strs Ohio purchased a new position in Tidewater in the third quarter valued at about $363,000. VELA Investment Management LLC purchased a new position in Tidewater in the third quarter valued at about $1,546,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Tidewater during the 3rd quarter valued at approximately $617,000. Finally, Inspire Advisors LLC purchased a new stake in shares of Tidewater during the 3rd quarter worth approximately $208,000. 95.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDW has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Evercore ISI dropped their price target on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th. Zacks Research upgraded shares of Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Dnb Nor Markets downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.50.

Tidewater Stock Up 3.4%

Shares of NYSE:TDW opened at $64.64 on Tuesday. The company has a quick ratio of 2.79, a current ratio of 2.89 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.20 billion, a P/E ratio of 21.77 and a beta of 0.64. Tidewater Inc. has a 52-week low of $31.17 and a 52-week high of $65.14. The stock’s fifty day simple moving average is $55.67 and its 200-day simple moving average is $54.85.

Tidewater (NYSE:TDW) last announced its earnings results on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.48). The firm 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 for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. As a group, equities research analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

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.