Tidewater Inc. (NYSE:TDW) Director Robert Robotti Acquires 1,770 Shares of Stock

Tidewater Inc. (NYSE:TDW) Director Robert Robotti purchased 1,770 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average cost of $40.95 per share, with a total value of $72,481.50. Following the acquisition, the director now directly owns 2,183,670 shares in the company, valued at $89,421,286.50. This trade represents a 0.08 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Tidewater Stock Performance

NYSE TDW opened at $40.97 on Friday. The company has a market capitalization of $2.14 billion, a PE ratio of 12.05 and a beta of 1.04. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $53.15 and its 200 day moving average price is $60.43. Tidewater Inc. has a twelve month low of $38.65 and a twelve month high of $111.42.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CSS LLC IL acquired a new position in shares of Tidewater in the fourth quarter valued at $547,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Tidewater by 8.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 42,902 shares of the oil and gas company’s stock worth $2,347,000 after purchasing an additional 3,325 shares during the last quarter. Voloridge Investment Management LLC raised its holdings in Tidewater by 110.7% in the 4th quarter. Voloridge Investment Management LLC now owns 340,103 shares of the oil and gas company’s stock valued at $18,607,000 after acquiring an additional 178,650 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Tidewater by 89.4% during the 4th quarter. Squarepoint Ops LLC now owns 208,744 shares of the oil and gas company’s stock worth $11,420,000 after buying an additional 98,522 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC grew its position in shares of Tidewater by 15.2% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 531,981 shares of the oil and gas company’s stock valued at $29,105,000 after buying an additional 70,194 shares during the last quarter. 95.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TDW shares. StockNews.com raised shares of Tidewater from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Pickering Energy Partners cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. DNB Markets assumed coverage on shares of Tidewater in a report on Friday, November 29th. They issued a “buy” rating and a $70.00 price objective for the company. Evercore ISI cut shares of Tidewater from an “outperform” rating to an “in-line” rating and lowered their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Finally, Raymond James lowered shares of Tidewater from a “strong-buy” rating to an “outperform” rating and reduced their price target for the stock from $131.00 to $102.00 in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $92.50.

Tidewater Company Profile

Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.