Analysts Set Tidewater Inc. (NYSE:TDW) PT at $92.50

Shares of Tidewater Inc. (NYSE:TDW) have received an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $92.50.

Several analysts have recently issued reports on the company. Pickering Energy Partners downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. DNB Markets assumed coverage on Tidewater in a research report on Friday, November 29th. They set a “buy” rating and a $70.00 target price on the stock. Finally, Evercore ISI lowered shares of Tidewater from an “outperform” rating to an “in-line” rating and dropped their price target for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th.

Insider Buying and Selling

In other Tidewater news, Director Robert Robotti purchased 25,000 shares of Tidewater stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This represents a 1.14 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.33% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Tidewater

Several institutional investors and hedge funds have recently bought and sold shares of TDW. Centiva Capital LP bought a new position in shares of Tidewater during the third quarter valued at approximately $958,000. Hodges Capital Management Inc. grew its position in shares of Tidewater by 103.0% during the fourth quarter. Hodges Capital Management Inc. now owns 96,650 shares of the oil and gas company’s stock worth $5,288,000 after acquiring an additional 49,050 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Tidewater by 23.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 154,112 shares of the oil and gas company’s stock valued at $8,431,000 after purchasing an additional 29,721 shares during the last quarter. Citigroup Inc. boosted its stake in Tidewater by 75.2% during the 3rd quarter. Citigroup Inc. now owns 58,411 shares of the oil and gas company’s stock valued at $4,193,000 after purchasing an additional 25,064 shares during the period. Finally, Barclays PLC grew its position in Tidewater by 354.2% in the 3rd quarter. Barclays PLC now owns 78,848 shares of the oil and gas company’s stock worth $5,661,000 after purchasing an additional 61,487 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Price Performance

TDW stock opened at $44.17 on Friday. The stock’s 50 day moving average price is $49.00 and its 200 day moving average price is $55.78. The firm has a market cap of $2.27 billion, a P/E ratio of 12.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. Tidewater has a 1 year low of $38.65 and a 1 year high of $111.42.

About Tidewater

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.