Royce & Associates LP Purchases 7,598 Shares of Tidewater Inc. $TDW

Royce & Associates LP raised its position in shares of Tidewater Inc. (NYSE:TDW) by 50.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,674 shares of the oil and gas company’s stock after buying an additional 7,598 shares during the quarter. Royce & Associates LP’s holdings in Tidewater were worth $1,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TDW. Clearstead Advisors LLC raised its stake in shares of Tidewater by 22.2% during the 4th quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 158 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Tidewater by 1.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,579 shares of the oil and gas company’s stock worth $534,000 after purchasing an additional 200 shares during the last quarter. Lido Advisors LLC grew its holdings in Tidewater by 4.0% in the third quarter. Lido Advisors LLC now owns 5,360 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 208 shares during the last quarter. New Age Alpha Advisors LLC increased its position in shares of Tidewater by 12.0% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,412 shares of the oil and gas company’s stock worth $122,000 after purchasing an additional 258 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Tidewater by 6.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,633 shares of the oil and gas company’s stock worth $247,000 after purchasing an additional 292 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TDW shares. Zacks Research cut Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Raymond James Financial set a $117.00 target price on Tidewater in a research report on Tuesday, March 3rd. Dawson James reiterated an “outperform” rating on shares of Tidewater in a research note on Tuesday, March 3rd. Finally, Barclays raised their price target on Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.33.

Tidewater Stock Down 0.1%

Tidewater stock opened at $73.42 on Monday. The business’s 50-day simple moving average is $82.61 and its two-hundred day simple moving average is $69.40. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.22 and a current ratio of 3.33. The company has a market cap of $3.65 billion, a PE ratio of 12.30 and a beta of 0.50. Tidewater Inc. has a fifty-two week low of $39.56 and a fifty-two week high of $93.13.

Tidewater (NYSE:TDW) last released its earnings results on Monday, May 4th. The oil and gas company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.63). The firm had revenue of $326.22 million for the quarter, compared to analyst estimates of $322.83 million. Tidewater had a return on equity of 8.79% and a net margin of 22.16%.The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. Equities analysts anticipate that Tidewater Inc. will post 3.52 EPS for the current year.

Insider Buying and Selling

In other Tidewater news, EVP Samuel R. Rubio sold 22,461 shares of Tidewater stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the completion of the sale, the executive vice president directly owned 60,066 shares in the company, valued at approximately $4,808,283.30. The trade was a 27.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Daniel A. Hudson sold 5,195 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $80.56, for a total transaction of $418,509.20. Following the completion of the sale, the executive vice president directly owned 45,971 shares in the company, valued at $3,703,423.76. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.90% of the company’s stock.

Tidewater Profile

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.