Fort Washington Investment Advisors Inc. OH Lowers Stake in Tidewater Inc. $TDW

Fort Washington Investment Advisors Inc. OH lessened its position in Tidewater Inc. (NYSE:TDW) by 7.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,420 shares of the oil and gas company’s stock after selling 33,600 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Tidewater were worth $33,455,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TDW. Blue Trust Inc. purchased a new stake in Tidewater in the 1st quarter worth approximately $26,000. Clearstead Advisors LLC raised its holdings in Tidewater by 22.2% in the 4th quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 158 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Tidewater by 701.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock worth $46,000 after purchasing an additional 870 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Tidewater during the second quarter worth $47,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Tidewater during the fourth quarter worth $53,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on TDW shares. Dawson James reaffirmed an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Pickering Energy Partners upgraded Tidewater from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 11th. Barclays raised their price target on Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 7th. Zacks Research downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Raymond James Financial set a $117.00 price objective on shares of Tidewater in a research note on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $89.33.

Tidewater Stock Down 0.9%

Shares of TDW opened at $66.73 on Monday. Tidewater Inc. has a fifty-two week low of $45.18 and a fifty-two week high of $93.13. The company’s fifty day moving average is $77.94 and its two-hundred day moving average is $71.52. The firm has a market cap of $3.32 billion, a PE ratio of 11.18 and a beta of 0.50. The company has a quick ratio of 3.22, a current ratio of 3.33 and a debt-to-equity ratio of 0.48.

Tidewater (NYSE:TDW) last released its quarterly earnings data 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 quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. Analysts forecast that Tidewater Inc. will post 3.52 earnings per share for the current 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.