Tidewater Inc. (NYSE:TDW) Given Consensus Rating of “Moderate Buy” by Analysts

Tidewater Inc. (NYSE:TDW) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $92.50.

Several research firms have weighed in on TDW. DNB Markets began coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 target price for the company. Evercore ISI downgraded shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their target price for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. Finally, Pickering Energy Partners downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th.

Tidewater Stock Performance

NYSE:TDW opened at $43.00 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $50.18 and a two-hundred day moving average price of $57.05. Tidewater has a twelve month low of $38.65 and a twelve month high of $111.42. The company has a market capitalization of $2.21 billion, a P/E ratio of 12.65 and a beta of 1.06.

Insider Transactions at Tidewater

In related news, Director Robert Robotti bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the transaction, the director now owns 2,208,670 shares of the company’s stock, valued at approximately $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.33% of the company’s stock.

Institutional Investors Weigh In On Tidewater

Several hedge funds have recently modified their holdings of TDW. GSA Capital Partners LLP acquired a new stake in shares of Tidewater in the third quarter worth approximately $243,000. Advisors Asset Management Inc. boosted its position in shares of Tidewater by 58.8% in the third quarter. Advisors Asset Management Inc. now owns 3,510 shares of the oil and gas company’s stock worth $252,000 after acquiring an additional 1,299 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Tidewater in the third quarter worth approximately $1,788,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Tidewater in the third quarter worth approximately $904,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in shares of Tidewater by 2.3% in the third quarter. Thompson Siegel & Walmsley LLC now owns 93,021 shares of the oil and gas company’s stock worth $6,678,000 after acquiring an additional 2,066 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.