19,600 Shares in Tidewater Inc. $TDW Bought by Tejara Capital Ltd

Tejara Capital Ltd bought a new stake in Tidewater Inc. (NYSE:TDW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 19,600 shares of the oil and gas company’s stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDW. Bogart Wealth LLC increased its stake in shares of Tidewater by 28.6% in the 2nd quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after acquiring an additional 200 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in Tidewater by 23.5% in the third quarter. Parkside Financial Bank & Trust now owns 1,073 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 204 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in Tidewater by 4.5% in the second quarter. Ameritas Investment Partners Inc. now owns 5,165 shares of the oil and gas company’s stock worth $238,000 after purchasing an additional 224 shares during the period. Altfest L J & Co. Inc. boosted its position in shares of Tidewater by 2.0% during the third quarter. Altfest L J & Co. Inc. now owns 13,568 shares of the oil and gas company’s stock worth $724,000 after purchasing an additional 272 shares in the last quarter. Finally, Lido Advisors LLC boosted its position in shares of Tidewater by 5.6% during the second quarter. Lido Advisors LLC now owns 5,152 shares of the oil and gas company’s stock worth $238,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Wall Street Analysts Forecast Growth

TDW has been the topic of several research analyst reports. Dnb Nor Markets downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Finally, Evercore ISI lowered their target price on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Tidewater has a consensus rating of “Hold” and a consensus price target of $67.50.

Tidewater Stock Performance

TDW opened at $62.60 on Friday. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 21.08 and a beta of 0.63. The business’s 50-day moving average price is $55.45 and its two-hundred day moving average price is $54.68. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $64.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.89 and a quick ratio of 2.79.

Tidewater (NYSE:TDW) last posted its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). The firm had revenue of $341.11 million for the quarter, compared to the consensus estimate of $328.84 million. Tidewater had a return on equity of 14.86% and a net margin of 11.14%.The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.87 earnings per share. Equities analysts expect that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

About Tidewater

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.