Tidewater (NYSE:TDW) EVP Samuel Rubio Sells 22,461 Shares

Tidewater Inc. (NYSE:TDW) EVP Samuel Rubio sold 22,461 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $80.05, for a total value of $1,798,003.05. Following the sale, the executive vice president owned 60,066 shares of the company’s stock, valued at $4,808,283.30. The trade was a 27.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Tidewater Price Performance

Shares of NYSE TDW traded down $2.50 during mid-day trading on Friday, hitting $77.78. 1,014,659 shares of the stock traded hands, compared to its average volume of 811,399. The company has a market cap of $3.86 billion, a PE ratio of 11.64 and a beta of 0.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.90 and a quick ratio of 2.79. The firm has a 50 day simple moving average of $64.50 and a two-hundred day simple moving average of $58.04. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $88.99.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Monday, March 2nd. The oil and gas company reported $4.41 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $3.64. Tidewater had a net margin of 24.74% and a return on equity of 12.34%. The company had revenue of $336.80 million for the quarter, compared to analyst estimates of $329.39 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. Tidewater’s revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on TDW. Dawson James reissued an “outperform” rating on shares of Tidewater in a research report on Tuesday. Zacks Research raised Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Evercore reduced their price target on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating for the company in a research report on Wednesday, November 12th. Weiss Ratings restated a “hold (c)” rating on shares of Tidewater in a research report on Monday, December 29th. Finally, Raymond James Financial set a $117.00 price target on Tidewater in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $91.00.

Institutional Investors Weigh In On Tidewater

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of Tidewater by 22.6% during the first quarter. Royal Bank of Canada now owns 23,169 shares of the oil and gas company’s stock valued at $980,000 after buying an additional 4,278 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Tidewater by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,028 shares of the oil and gas company’s stock worth $1,227,000 after acquiring an additional 1,271 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Tidewater by 4.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 44,833 shares of the oil and gas company’s stock valued at $1,895,000 after purchasing an additional 1,931 shares in the last quarter. CWM LLC grew its holdings in Tidewater by 83.6% during the second quarter. CWM LLC now owns 927 shares of the oil and gas company’s stock valued at $43,000 after purchasing an additional 422 shares during the period. Finally, Parkside Financial Bank & Trust grew its holdings in Tidewater by 4,245.0% during the second 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 period. Hedge funds and other institutional investors 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.