Deutsche Bank AG Makes New $3.26 Million Investment in Tidewater Inc. $TDW

Deutsche Bank AG acquired a new position in shares of Tidewater Inc. (NYSE:TDW) during the second quarter, HoldingsChannel reports. The firm acquired 48,958 shares of the oil and gas company’s stock, valued at approximately $3,262,000.

Several other large investors also recently made changes to their positions in TDW. Blue Trust Inc. acquired a new position in Tidewater during the first quarter worth $26,000. Clearstead Advisors LLC raised its position in Tidewater by 22.2% during the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company’s stock worth $44,000 after acquiring an additional 158 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Tidewater by 701.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 870 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Tidewater in the second quarter valued at $47,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Tidewater in the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Fearnley Fonds upgraded shares of Tidewater from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 5th. Barclays lifted their price target on Tidewater from $86.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Pickering Energy Partners raised Tidewater from an “underperform” rating to a “neutral” rating in a research report on Thursday, June 11th. Zacks Research lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, Weiss Ratings cut Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $91.00.

Tidewater Price Performance

Shares of TDW opened at $88.63 on Thursday. The company’s 50-day moving average is $77.81 and its 200-day moving average is $78.60. 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 firm has a market capitalization of $4.41 billion, a PE ratio of 17.94 and a beta of 0.53. Tidewater Inc. has a fifty-two week low of $46.65 and a fifty-two week high of $97.50.

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

Insider Transactions at Tidewater

In other Tidewater news, EVP Samuel R. Rubio sold 17,705 shares of the firm’s 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 completion of the sale, the executive vice president directly owned 33,214 shares in the company, valued at $3,041,073.84. This trade represents a 34.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.90% of the stock is owned by company 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.