J. Goldman & Co LP Buys New Stake in Tidewater Inc. (NYSE:TDW)

J. Goldman & Co LP bought a new stake in Tidewater Inc. (NYSE:TDW) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,767 shares of the oil and gas company’s stock, valued at approximately $1,191,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TDW. Barclays PLC increased its stake in Tidewater by 354.2% in the third quarter. Barclays PLC now owns 78,848 shares of the oil and gas company’s stock valued at $5,661,000 after acquiring an additional 61,487 shares during the period. Tidal Investments LLC increased its stake in Tidewater by 8.1% in the third quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock valued at $257,000 after acquiring an additional 267 shares during the period. Harbour Capital Advisors LLC bought a new stake in Tidewater in the fourth quarter valued at about $704,000. FNY Investment Advisers LLC bought a new stake in Tidewater in the fourth quarter valued at about $95,000. Finally, 180 Wealth Advisors LLC increased its stake in Tidewater by 27.0% in the fourth quarter. 180 Wealth Advisors LLC now owns 5,035 shares of the oil and gas company’s stock valued at $275,000 after acquiring an additional 1,069 shares during the period. Institutional investors own 95.13% of the company’s stock.

Insider Transactions at Tidewater

In related news, Director Robert Robotti bought 25,000 shares of Tidewater stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, for a total transaction 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. This trade represents a 1.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TDW has been the topic of a number of recent analyst reports. Raymond James reduced their price target on shares of Tidewater from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 7th. Pickering Energy Partners lowered shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and reduced their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.33.

Tidewater Price Performance

NYSE:TDW opened at $41.44 on Monday. Tidewater Inc. has a 12 month low of $31.17 and a 12 month high of $110.06. The company’s 50-day moving average price is $38.55 and its two-hundred day moving average price is $48.09. The firm has a market cap of $2.11 billion, a PE ratio of 12.19 and a beta of 1.00. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54.

Tidewater (NYSE:TDW) last announced its earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.24. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. During the same quarter last year, the business earned $0.89 EPS. Tidewater’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

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.