Tidewater Inc. (NYSE:TDW) Receives $95.80 Average Target Price from Brokerages

Shares of Tidewater Inc. (NYSE:TDW) have earned an average rating of “Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $95.80.

A number of equities research analysts recently commented on TDW shares. Raymond James downgraded Tidewater from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $131.00 to $102.00 in a research report on Monday, November 11th. DNB Markets initiated coverage on Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, StockNews.com upgraded Tidewater from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th.

Tidewater Stock Down 1.4 %

Shares of TDW stock opened at $47.64 on Wednesday. The stock has a market cap of $2.49 billion, a P/E ratio of 14.01 and a beta of 1.10. The company’s fifty day simple moving average is $56.95 and its two-hundred day simple moving average is $78.09. 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 has a 52 week low of $46.50 and a 52 week high of $111.42.

Institutional Investors Weigh In On Tidewater

Several large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its holdings in shares of Tidewater by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 3,575 shares of the oil and gas company’s stock worth $257,000 after purchasing an additional 267 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in Tidewater by 30.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 17,000 shares of the oil and gas company’s stock worth $1,220,000 after buying an additional 3,969 shares during the last quarter. Neo Ivy Capital Management boosted its stake in Tidewater by 22.5% during the third quarter. Neo Ivy Capital Management now owns 13,856 shares of the oil and gas company’s stock worth $994,000 after buying an additional 2,544 shares during the period. Geode Capital Management LLC increased its position in Tidewater by 0.5% during the third quarter. Geode Capital Management LLC now owns 1,092,887 shares of the oil and gas company’s stock valued at $78,473,000 after acquiring an additional 5,713 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of 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. 95.13% of the stock is owned by institutional investors.

About Tidewater

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.