7,500 Shares in Tidewater Inc. $TDW Acquired by Militia Capital Management LLC

Militia Capital Management LLC acquired a new position in Tidewater Inc. (NYSE:TDW) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,500 shares of the oil and gas company’s stock, valued at approximately $627,000.

Several other large investors also recently made changes to their positions in TDW. Blue Trust Inc. acquired a new stake in shares of Tidewater in the first quarter valued at $26,000. Clearstead Advisors LLC lifted its position in Tidewater by 22.2% during the 4th quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock worth $44,000 after buying an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 870 shares in the last quarter. Headlands Technologies LLC bought a new stake in Tidewater during the 2nd quarter worth about $47,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in Tidewater during the 4th quarter worth about $53,000. Institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

Shares of NYSE:TDW opened at $77.28 on Friday. 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 Inc. has a 1-year low of $46.65 and a 1-year high of $93.13. The stock has a market capitalization of $3.84 billion, a P/E ratio of 12.95 and a beta of 0.53. The business has a 50-day moving average price of $73.33 and a two-hundred day moving average price of $74.16.

Tidewater (NYSE:TDW) last issued its earnings results on Monday, May 4th. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.63). Tidewater had a net margin of 22.16% and a return on equity of 8.79%. The business had revenue of $326.22 million during the quarter, compared to the consensus estimate of $322.83 million. During the same period last year, the business posted $0.83 EPS. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. Equities analysts predict that Tidewater Inc. will post 3.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Tidewater Company Profile

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.