Tidewater Inc. (NYSE:TDW) Receives Average Recommendation of “Hold” from Analysts

Tidewater Inc. (NYSE:TDW) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $89.3333.

TDW has been the subject of a number of recent research reports. Zacks Research cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Tidewater in a research report on Monday. Dawson James reaffirmed an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Barclays increased their price objective on Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Raymond James Financial set a $117.00 price objective on Tidewater in a research report on Tuesday, March 3rd.

Tidewater Stock Down 1.4%

Shares of NYSE:TDW opened at $73.84 on Thursday. The stock has a market cap of $3.67 billion, a P/E ratio of 12.37 and a beta of 0.49. The firm has a fifty day moving average price of $82.63 and a 200 day moving average price of $69.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.33 and a quick ratio of 3.22. Tidewater has a 1-year low of $41.52 and a 1-year high of $93.13.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Monday, May 4th. The oil and gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.63). The business 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 firm’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. Sell-side analysts predict that Tidewater will post 3.52 EPS for the current year.

Institutional Trading of Tidewater

Several hedge funds have recently made changes to their positions in TDW. Blue Trust Inc. acquired a new stake in shares of Tidewater in the 1st quarter worth $26,000. Hantz Financial Services Inc. lifted its stake in shares of Tidewater by 401.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 413 shares during the period. Blume Capital Management Inc. lifted its stake in shares of Tidewater by 128.3% in the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 295 shares during the period. Clearstead Advisors LLC lifted its stake in shares of Tidewater by 22.2% in 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 during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Tidewater by 701.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock worth $46,000 after acquiring an additional 870 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Company 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.