Key Points
- On Feb. 23, Tidewater EVP Daniel Hudson sold 15,000 shares at $77.50 each for $1,162,500, cutting his ownership by 22.73% to 50,986 shares (≈$3.95M).
- TDW opened at $78.81 (12‑month high $82, low $31.17), has a market cap of $3.91B and 50/200‑day SMAs of $59.78/$56.67, while analysts carry an average Hold rating with a $67.50 target.
Tidewater Inc. (NYSE:TDW - Get Free Report) EVP Daniel Hudson sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $77.50, for a total transaction of $1,162,500.00. Following the completion of the sale, the executive vice president owned 50,986 shares of the company's stock, valued at approximately $3,951,415. This trade represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Tidewater Stock Performance
Shares of TDW stock opened at $78.81 on Tuesday. The business's fifty day simple moving average is $59.78 and its 200-day simple moving average is $56.67. The company has a market cap of $3.91 billion, a PE ratio of 26.54 and a beta of 0.64. The company has a current ratio of 2.89, a quick ratio of 2.79 and a debt-to-equity ratio of 0.57. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $82.00.
Analysts Set New Price Targets
A number of equities research analysts have commented on TDW shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Tidewater in a research note on Monday, December 29th. Raymond James Financial reaffirmed an "outperform" rating on shares of Tidewater in a research report on Monday. Zacks Research upgraded shares of Tidewater from a "strong sell" rating to a "hold" rating in a research note on Monday, January 12th. Finally, Evercore cut their price target on shares of Tidewater from $67.00 to $65.00 and set an "in-line" rating on the stock in a research note on Wednesday, November 12th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Tidewater has an average rating of "Hold" and an average target price of $67.50.
View Our Latest Analysis on Tidewater
Hedge Funds Weigh In On Tidewater
Several hedge funds and other institutional investors have recently bought and sold shares of TDW. Blume Capital Management Inc. raised its position in Tidewater by 128.3% during the 3rd quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company's stock worth $28,000 after buying an additional 295 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Tidewater by 401.0% in the third quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 413 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of 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 worth $40,000 after acquiring an additional 849 shares during the period. CWM LLC raised its holdings 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 purchasing an additional 422 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its position in Tidewater by 22.2% during the fourth quarter. Clearstead Advisors LLC now owns 871 shares of the oil and gas company's stock valued at $44,000 after purchasing an additional 158 shares during the period. Institutional investors and hedge funds own 95.13% of the company's stock.
Tidewater Company Profile
(
Get Free Report)
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.
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