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

Shares of Tidewater Inc. (NYSE:TDW) have received a consensus rating of “Hold” from the ten analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $89.3333.

Several brokerages recently commented on TDW. Fearnley Fonds raised shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Zacks Research lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Weiss Ratings lowered shares of Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, Barclays increased their price objective on shares of Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th.

Institutional Investors Weigh In On Tidewater

Several large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Tidewater by 4.7% in the fourth quarter. State Street Corp now owns 1,901,880 shares of the oil and gas company’s stock worth $96,064,000 after acquiring an additional 85,697 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Tidewater by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,838,769 shares of the oil and gas company’s stock worth $153,623,000 after acquiring an additional 86,084 shares in the last quarter. Cerity Partners LLC increased its position in shares of Tidewater by 104.3% in the fourth quarter. Cerity Partners LLC now owns 1,142,935 shares of the oil and gas company’s stock worth $57,730,000 after acquiring an additional 583,607 shares in the last quarter. American Century Companies Inc. increased its position in shares of Tidewater by 74.2% in the third quarter. American Century Companies Inc. now owns 969,392 shares of the oil and gas company’s stock worth $51,698,000 after acquiring an additional 412,911 shares in the last quarter. Finally, Hosking Partners LLP increased its position in shares of Tidewater by 11.3% in the fourth quarter. Hosking Partners LLP now owns 650,785 shares of the oil and gas company’s stock worth $32,871,000 after acquiring an additional 65,875 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Stock Performance

Shares of TDW stock opened at $66.73 on Monday. Tidewater has a one year low of $45.18 and a one year high of $93.13. 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 50 day moving average price of $77.94 and a 200 day moving average price of $71.52. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 11.18 and a beta of 0.50.

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

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.