Analysts Set Tidewater Inc. (NYSE:TDW) PT at $92.50

Tidewater Inc. (NYSE:TDW) has earned an average rating of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $92.50.

A number of equities analysts have issued reports on the company. Evercore ISI downgraded Tidewater from an “outperform” rating to an “in-line” rating and cut their price target for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, DNB Markets started coverage on shares of Tidewater in a report on Friday, November 29th. They issued a “buy” rating and a $70.00 target price on the stock.

Tidewater Price Performance

TDW stock opened at $43.56 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 12.81 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The company has a fifty day moving average price of $49.47 and a 200-day moving average price of $55.94. Tidewater has a 52-week low of $38.65 and a 52-week high of $111.42.

Insiders Place Their Bets

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average price of $40.11 per share, with a total value of $1,002,750.00. Following 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.33% of the company’s stock.

Hedge Funds Weigh In On Tidewater

Several institutional investors have recently bought and sold shares of the business. Tidal Investments LLC boosted its holdings 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 worth $257,000 after acquiring an additional 267 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of Tidewater by 3.5% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,479 shares of the oil and gas company’s stock valued at $680,000 after acquiring an additional 321 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Tidewater by 45.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 333 shares during the last quarter. Tectonic Advisors LLC lifted its position in Tidewater by 2.3% during the fourth quarter. Tectonic Advisors LLC now owns 17,574 shares of the oil and gas company’s stock valued at $961,000 after purchasing an additional 402 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in Tidewater by 9.5% in the fourth quarter. Private Advisor Group LLC now owns 5,315 shares of the oil and gas company’s stock valued at $291,000 after purchasing an additional 463 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

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.