Brokerages Set Tidewater Inc. (NYSE:TDW) Price Target at $67.50

Shares of Tidewater Inc. (NYSE:TDW) have earned an average rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $67.50.

Several equities analysts have recently weighed in on TDW shares. Evercore ISI dropped their price objective on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Dnb Nor Markets cut Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th.

Tidewater Price Performance

Tidewater stock opened at $62.60 on Friday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of 21.08 and a beta of 0.64. Tidewater has a 52-week low of $31.17 and a 52-week high of $64.88. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.79 and a current ratio of 2.89. The stock’s 50 day moving average price is $55.45 and its two-hundred day moving average price is $54.74.

Tidewater (NYSE:TDW) last released its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.48). The company had revenue of $341.11 million during the quarter, compared to the consensus estimate of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.87 EPS. On average, equities analysts predict that Tidewater will post 3.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Blume Capital Management Inc. increased its position in shares of Tidewater by 128.3% during the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 295 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in Tidewater by 401.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 413 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Tidewater by 4,245.0% during the 2nd quarter. Parkside Financial Bank & Trust now owns 869 shares of the oil and gas company’s stock valued at $40,000 after purchasing an additional 849 shares during the last quarter. Bogart Wealth LLC increased its holdings in Tidewater by 28.6% during the 2nd quarter. Bogart Wealth LLC now owns 900 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 200 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Tidewater by 83.6% in 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. Institutional investors and hedge funds own 95.13% of the company’s stock.

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.