Tidewater Inc. (NYSE:TDW) Receives $67.50 Consensus Price Target from Analysts

Tidewater Inc. (NYSE:TDW) has received an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $67.50.

TDW has been the subject of several recent research reports. Evercore ISI lowered their price target on Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a report on Wednesday, November 12th. Dnb Nor Markets lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Finally, Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th.

Institutional Investors Weigh In On Tidewater

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TDW. Blume Capital Management Inc. grew its stake in shares of Tidewater by 128.3% during the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 295 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in 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 last quarter. Parkside Financial Bank & Trust raised its position in shares of Tidewater by 4,245.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 849 shares in the last quarter. Bogart Wealth LLC boosted its stake in shares of Tidewater by 28.6% during the 2nd quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock valued at $42,000 after buying an additional 200 shares during the last quarter. Finally, CWM LLC grew its position in shares of Tidewater by 83.6% during the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock worth $43,000 after buying an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Stock Up 1.4%

TDW opened at $65.53 on Friday. The company has a market cap of $3.25 billion, a PE ratio of 22.06 and a beta of 0.65. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.79 and a current ratio of 2.89. Tidewater has a 1 year low of $31.17 and a 1 year high of $66.31. The firm has a 50 day moving average price of $55.94 and a 200 day moving average price of $54.97.

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