Pecaut & CO. Takes $633,000 Position in Tidewater Inc. $TDW

Pecaut & CO. purchased a new position in Tidewater Inc. (NYSE:TDW) during the second quarter, Holdings Channel.com reports. The firm purchased 9,500 shares of the oil and gas company’s stock, valued at approximately $633,000.

Other institutional investors have also recently bought and sold shares of the company. FNY Investment Advisers LLC boosted its position in Tidewater by 200.0% during the second quarter. FNY Investment Advisers LLC now owns 6,000 shares of the oil and gas company’s stock valued at $399,000 after purchasing an additional 4,000 shares during the last quarter. Baron Wealth Management LLC increased its position in Tidewater by 4.5% in the 2nd quarter. Baron Wealth Management LLC now owns 3,286 shares of the oil and gas company’s stock worth $219,000 after purchasing an additional 141 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Tidewater by 5.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,015 shares of the oil and gas company’s stock worth $201,000 after purchasing an additional 164 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Tidewater by 72.1% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,596 shares of the oil and gas company’s stock valued at $306,000 after buying an additional 1,926 shares during the last quarter. Finally, Militia Capital Management LLC acquired a new stake in shares of Tidewater during the 1st quarter valued at about $627,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Stock Performance

TDW opened at $94.35 on Friday. The company has a market cap of $4.70 billion, a PE ratio of 19.10 and a beta of 0.53. The stock has a 50-day moving average of $74.53 and a 200-day moving average of $76.82. Tidewater Inc. has a 52-week low of $46.65 and a 52-week high of $95.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.47 and a current ratio of 3.58.

Tidewater (NYSE:TDW) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.03). Tidewater had a net margin of 18.34% and a return on equity of 5.36%. The company had revenue of $342.29 million for the quarter, compared to analyst estimates of $329.97 million. During the same period in the prior year, the company posted $1.46 EPS. The business’s revenue was up .3% on a year-over-year basis. As a group, equities research analysts forecast that Tidewater Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings downgraded Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Barclays lifted their target price on shares of Tidewater from $86.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday. Fearnley Fonds raised shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Pickering Energy Partners upgraded shares of Tidewater from an “underperform” rating to a “neutral” rating in a research note on Thursday, June 11th. Finally, Zacks Research downgraded shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. 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, Tidewater presently has an average rating of “Hold” and an average target price of $91.00.

Insider Transactions at Tidewater

In other Tidewater news, EVP Samuel R. Rubio sold 17,705 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $91.56, for a total transaction of $1,621,069.80. Following the completion of the sale, the executive vice president owned 33,214 shares of the company’s stock, valued at $3,041,073.84. This represents a 34.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.90% of the stock is owned by insiders.

Tidewater 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.