20,416 Shares in Tidewater Inc. $TDW Acquired by Sigma Planning Corp

Sigma Planning Corp acquired a new stake in Tidewater Inc. (NYSE:TDW) during the first quarter, according to its most recent filing with the SEC. The firm acquired 20,416 shares of the oil and gas company’s stock, valued at approximately $1,706,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TDW. Blue Trust Inc. acquired a new position in shares of Tidewater during the first quarter valued at $26,000. Longview Financial Advisors Inc. acquired a new stake in Tidewater in the first quarter worth about $54,000. Clearstead Advisors LLC increased its position in Tidewater by 22.2% in the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 158 shares during the period. EverSource Wealth Advisors LLC raised its holdings in 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 last quarter. Finally, Headlands Technologies LLC bought a new stake in Tidewater during the 2nd quarter worth about $47,000. Institutional investors own 95.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Fearnley Fonds upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Weiss Ratings upgraded shares of Tidewater from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Barclays raised their price objective on shares of Tidewater from $80.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Pickering Energy Partners upgraded shares of Tidewater from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 11th. Finally, Zacks Research cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $89.33.

Tidewater Price Performance

Tidewater stock opened at $75.81 on Friday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 12.70 and a beta of 0.53. Tidewater Inc. has a 1 year low of $46.65 and a 1 year high of $93.13. The business has a 50-day moving average of $73.69 and a 200-day moving average of $73.27. The company has a current ratio of 3.33, a quick ratio of 3.22 and a debt-to-equity ratio of 0.48.

Tidewater (NYSE:TDW) last announced its quarterly earnings results on Monday, May 4th. The oil and gas company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.63). Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The firm had revenue of $326.22 million during the quarter, compared to analyst estimates of $322.83 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, equities analysts anticipate that Tidewater Inc. will post 3.52 EPS 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.