Tidewater Inc. (NYSE:TDW) Stock Has Consensus Target Price of $98.25

Tidewater Inc. (NYSE:TDW) has been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $98.25.

TDW has been the topic of a number of research analyst reports. Weiss Ratings downgraded shares of Tidewater from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday. BTIG Research restated a “buy” rating and set a $120.00 price target on shares of Tidewater in a research report on Friday, October 9th. Finally, Barclays raised their price objective on shares of Tidewater from $86.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th.

Insider Buying and Selling at Tidewater

In other news, EVP Daniel Hudson sold 15,000 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $99.08, for a total transaction of $1,486,200.00. Following the completion of the transaction, the executive vice president directly owned 33,029 shares of the company’s stock, valued at $3,272,513.32. This represents a 31.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Samuel Rubio sold 17,705 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $91.56, for a total transaction of $1,621,069.80. Following the transaction, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,705 shares of company stock worth $4,097,270 over the last three months. 5.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tidewater

Several institutional investors and hedge funds have recently bought and sold shares of TDW. Blue Trust Inc. purchased a new stake in Tidewater in the first quarter worth $26,000. Public Employees Retirement System of Ohio purchased a new position in shares of Tidewater during the 2nd quarter valued at $27,000. Salomon & Ludwin LLC lifted its position in shares of Tidewater by 35.9% during the 3rd quarter. Salomon & Ludwin LLC now owns 492 shares of the oil and gas company’s stock valued at $40,000 after buying an additional 130 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Tidewater by 142.6% during the 3rd quarter. Versant Capital Management Inc now owns 740 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 435 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Tidewater by 34.2% during the 3rd quarter. Covestor Ltd now owns 781 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 199 shares during the period. 95.13% of the stock is owned by institutional investors.

Tidewater Stock Up 1.5%

Shares of NYSE:TDW opened at $70.13 on Friday. The company has a market capitalization of $3.49 billion, a PE ratio of 14.20 and a beta of 0.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.58 and a quick ratio of 3.47. The business has a fifty day moving average price of $85.34 and a two-hundred day moving average price of $79.53. Tidewater has a 1 year low of $49.54 and a 1 year high of $101.57.

Tidewater Company Profile

Tidewater Inc (NYSE: TDW) is an offshore support vessel operator that provides marine transportation and logistics services to the global energy industry. The company supports offshore exploration, development, production, construction and decommissioning activities, transporting personnel, equipment and supplies between shore bases and offshore installations.

Tidewater operates a diverse fleet of vessels, including platform supply vessels, anchor-handling vessels, fast supply vessels, crew boats, tugboats and vessels used for subsea construction, survey and other specialized offshore work.