Tidewater Inc. (NYSE:TDW) Receives $67.50 Average Target Price from Analysts

Shares of Tidewater Inc. (NYSE:TDW) have been given an average rating of “Hold” by the eight analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $67.50.

TDW has been the subject of several research reports. Dnb Nor Markets downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Evercore ISI lowered their target price on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 12th. Fearnley Fonds upgraded Tidewater to a “hold” rating in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Finally, Zacks Research downgraded Tidewater from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th.

Tidewater Trading Down 0.6%

TDW stock opened at $52.97 on Monday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79. The company has a fifty day moving average price of $53.71 and a two-hundred day moving average price of $53.39. Tidewater has a one year low of $31.17 and a one year high of $64.07. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 17.83 and a beta of 0.63.

Tidewater (NYSE:TDW) last issued its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.48). The company had revenue of $341.11 million during the quarter, compared to the consensus estimate of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. Tidewater’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Equities analysts anticipate that Tidewater will post 3.25 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Blume Capital Management Inc. raised its position in shares of Tidewater by 128.3% in the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 295 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Tidewater by 401.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 413 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Tidewater by 2,321.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 678 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 650 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Tidewater by 4,245.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock worth $40,000 after purchasing an additional 849 shares in the last quarter. Finally, Bogart Wealth LLC increased its position in shares of Tidewater by 28.6% in the second quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

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.