Key Points
- Samuel Rubio, Tidewater's EVP, sold 22,461 shares on March 5 at an average price of $80.05 for about $1.798M, leaving him with 60,066 shares — a 27.22% reduction in his stake.
- Tidewater reported quarterly EPS of $4.41 versus $0.77 expected and revenue of $336.8M (vs. $329.4M expected), with a net margin of 24.74% and return on equity of 12.34%.
- The stock trades near $77.78 (12‑month range $31.17–$88.99) with a $3.86B market cap, a consensus analyst rating of Hold and an average price target of $91, while institutional investors own roughly 95% of the shares.
Tidewater Inc. (NYSE:TDW - Get Free Report) EVP Daniel Hudson sold 5,195 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $80.56, for a total value of $418,509.20. Following the transaction, the executive vice president directly owned 45,971 shares of the company's stock, valued at approximately $3,703,423.76. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Tidewater Stock Down 3.1%
TDW stock opened at $77.78 on Friday. The stock has a fifty day moving average of $65.05 and a 200-day moving average of $58.18. Tidewater Inc. has a fifty-two week low of $31.17 and a fifty-two week high of $88.99. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 11.64 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.79 and a current ratio of 2.90.
Tidewater (NYSE:TDW - Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The oil and gas company reported $4.41 EPS for the quarter, beating the consensus estimate of $0.77 by $3.64. The business had revenue of $336.80 million for the quarter, compared to the consensus estimate of $329.39 million. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The company's revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities research analysts predict that Tidewater Inc. will post 3.25 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have issued reports on TDW. Dawson James reissued an "outperform" rating on shares of Tidewater in a report on Tuesday. Weiss Ratings reiterated a "hold (c)" rating on shares of Tidewater in a research note on Monday, December 29th. Zacks Research raised Tidewater from a "strong sell" rating to a "hold" rating in a report on Monday, January 12th. Evercore cut their target price on Tidewater from $67.00 to $65.00 and set an "in-line" rating for the company in a research note on Wednesday, November 12th. Finally, Raymond James Financial set a $117.00 target price on Tidewater in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $91.00.
View Our Latest Report on TDW
Institutional Investors Weigh In On Tidewater
Several large investors have recently added to or reduced their stakes in TDW. Federated Hermes Inc. bought a new position in Tidewater in the 2nd quarter worth about $28,199,000. Cerity Partners LLC boosted its position in shares of Tidewater by 104.3% during the 4th quarter. Cerity Partners LLC now owns 1,142,935 shares of the oil and gas company's stock valued at $57,730,000 after acquiring an additional 583,607 shares during the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in shares of Tidewater during the fourth quarter worth about $21,922,000. American Century Companies Inc. grew its holdings in shares of Tidewater by 291.8% during the second quarter. American Century Companies Inc. now owns 556,481 shares of the oil and gas company's stock worth $25,670,000 after purchasing an additional 414,454 shares in the last quarter. Finally, Boston Partners raised its stake in Tidewater by 1,118.5% in the second quarter. Boston Partners now owns 283,676 shares of the oil and gas company's stock valued at $14,089,000 after purchasing an additional 260,395 shares in the last quarter. Institutional investors 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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