Tidewater (NYSE:TDW) EVP Daniel Hudson Sells 5,195 Shares

Tidewater Inc. (NYSE:TDW) EVP Daniel Hudson sold 5,195 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $80.56, for a total value of $418,509.20. Following the completion of the sale, the executive vice president directly owned 45,971 shares of the company’s stock, valued at $3,703,423.76. This trade represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Tidewater Price Performance

Shares of TDW opened at $77.78 on Friday. The stock has a market cap of $3.86 billion, a P/E ratio of 11.64 and a beta of 0.57. The business’s fifty day moving average is $65.05 and its 200 day moving average is $58.18. The company has a quick ratio of 2.79, a current ratio of 2.90 and a debt-to-equity ratio of 0.48. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $88.99.

Tidewater (NYSE:TDW) last released its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $0.77 by $3.64. The firm had revenue of $336.80 million for the quarter, compared to the consensus estimate of $329.39 million. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.70 earnings per share. Sell-side analysts anticipate that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TDW. Hantz Financial Services Inc. raised its stake in shares of Tidewater by 401.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 413 shares during the period. Blume Capital Management Inc. raised its position in Tidewater by 128.3% in the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 295 shares during the period. Parkside Financial Bank & Trust boosted its stake in Tidewater by 4,245.0% in the second quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after acquiring an additional 849 shares during the last quarter. Clearstead Advisors LLC boosted its stake 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 acquiring an additional 158 shares during the last quarter. Finally, CWM LLC grew its position in shares of Tidewater by 83.6% during the 2nd quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock valued at $43,000 after acquiring an additional 422 shares during the period. Institutional investors own 95.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TDW. Evercore decreased their price objective on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a report on Wednesday, November 12th. Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday. Raymond James Financial set a $117.00 price objective on shares of Tidewater in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Tidewater presently has a consensus rating of “Hold” and a consensus price target of $91.00.

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.