Tidewater (NYSE:TDW) EVP Samuel Rubio Sells 17,705 Shares

Tidewater Inc. (NYSE:TDW) EVP Samuel Rubio sold 17,705 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $91.56, for a total value of $1,621,069.80. Following the completion of the transaction, the executive vice president owned 33,214 shares of the company’s stock, valued at $3,041,073.84. This trade represents a 34.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Tidewater Stock Performance

Shares of TDW opened at $94.35 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.47 and a current ratio of 3.58. The stock has a 50-day moving average of $74.53 and a two-hundred day moving average of $76.82. The stock has a market cap of $4.70 billion, a P/E ratio of 19.10 and a beta of 0.53. Tidewater Inc. has a one year low of $46.65 and a one year high of $95.32.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Tidewater

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jupiter Topco LLC purchased a new position in Tidewater during the second quarter valued at approximately $428,000. Manatuck Hill Partners LLC acquired a new position in Tidewater in the second quarter valued at approximately $939,000. SIR Capital Management L.P. purchased a new stake in Tidewater in the 2nd quarter worth approximately $4,121,000. Legal & General Group Plc purchased a new stake in Tidewater in the 2nd quarter worth approximately $5,470,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Tidewater in the 2nd quarter worth approximately $1,582,000. 95.13% of the stock is owned by institutional investors and hedge funds.

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.