Tidewater Inc. (NYSE:TDW) Receives Average Rating of “Hold” from Analysts

Shares of Tidewater Inc. (NYSE:TDW) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $89.3333.

Several equities research analysts have recently commented on TDW shares. Barclays lifted their target price on Tidewater from $80.00 to $86.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Pickering Energy Partners upgraded Tidewater from an “underperform” rating to a “neutral” rating in a report on Thursday, June 11th. Fearnley Fonds upgraded Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. Weiss Ratings upgraded Tidewater from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Zacks Research cut Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th.

Institutional Investors Weigh In On Tidewater

A number of institutional investors and hedge funds have recently modified their holdings of TDW. Inspire Investing LLC raised its position in shares of Tidewater by 1.2% during the 1st quarter. Inspire Investing LLC now owns 11,332 shares of the oil and gas company’s stock valued at $947,000 after acquiring an additional 131 shares during the last quarter. Baron Wealth Management LLC boosted its position in shares of 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. Lido Advisors LLC grew its stake in shares of Tidewater by 2.8% during the fourth quarter. Lido Advisors LLC now owns 5,509 shares of the oil and gas company’s stock worth $290,000 after purchasing an additional 149 shares during the period. Clearstead Advisors LLC increased its holdings in Tidewater by 22.2% in the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock valued at $44,000 after purchasing an additional 158 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Tidewater by 5.8% in the second quarter. GAMMA Investing LLC now owns 3,015 shares of the oil and gas company’s stock valued at $201,000 after purchasing an additional 164 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

Tidewater Price Performance

TDW opened at $77.28 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.33 and a quick ratio of 3.22. The stock has a market capitalization of $3.84 billion, a P/E ratio of 12.95 and a beta of 0.53. The company’s 50 day simple moving average is $73.33 and its 200-day simple moving average is $74.16. Tidewater has a one year low of $46.65 and a one year high of $93.13.

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

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.