Tejara Capital Ltd Acquires 25,000 Shares of Tidewater Inc. $TDW

Tejara Capital Ltd grew its stake in shares of Tidewater Inc. (NYSE:TDW) by 127.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 44,600 shares of the oil and gas company’s stock after purchasing an additional 25,000 shares during the period. Tejara Capital Ltd’s holdings in Tidewater were worth $2,253,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of TDW. VELA Investment Management LLC purchased a new position in shares of Tidewater during the third quarter valued at approximately $1,546,000. Stratos Wealth Advisors LLC bought a new stake in Tidewater during the third quarter worth $2,010,000. Fulcrum Asset Management LLP raised its position in Tidewater by 226.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 33,428 shares of the oil and gas company’s stock valued at $1,783,000 after buying an additional 23,177 shares during the last quarter. SummerHaven Investment Management LLC purchased a new stake in Tidewater in the 3rd quarter valued at $855,000. Finally, Public Sector Pension Investment Board lifted its stake in Tidewater by 15.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 179,489 shares of the oil and gas company’s stock valued at $9,572,000 after acquiring an additional 24,352 shares in the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Stock Up 0.8%

Shares of NYSE:TDW opened at $81.72 on Friday. The company has a market capitalization of $4.06 billion, a PE ratio of 13.69 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.33 and a quick ratio of 3.22. The business has a fifty day moving average price of $82.16 and a two-hundred day moving average price of $67.17. Tidewater Inc. has a 1 year low of $38.24 and a 1 year 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 business had revenue of $326.22 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Analysts forecast that Tidewater Inc. will post 3.52 earnings per share for the current year.

Insider Transactions at Tidewater

In other news, EVP Samuel R. Rubio sold 22,461 shares of the 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 transaction, the executive vice president directly owned 60,066 shares of the company’s stock, valued at $4,808,283.30. This represents a 27.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel A. Hudson sold 5,195 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $80.56, for a total transaction of $418,509.20. Following the sale, the executive vice president owned 45,971 shares of the company’s stock, valued at approximately $3,703,423.76. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 42,656 shares of company stock valued at $3,379,012 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on TDW. Raymond James Financial set a $117.00 target price on shares of Tidewater in a research note on Tuesday, March 3rd. Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Barclays boosted their price target on shares of Tidewater from $80.00 to $86.00 and gave the stock an “equal weight” rating in a report on Thursday, May 7th. Finally, Zacks Research upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Tidewater presently has a consensus rating of “Hold” and an average target price of $89.33.

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.