Tejara Capital Ltd Purchases Shares of 15,000 Tidewater Inc. $TDW

Tejara Capital Ltd acquired a new position in shares of Tidewater Inc. (NYSE:TDW) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,000 shares of the oil and gas company’s stock, valued at approximately $999,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new position in Tidewater in the 2nd quarter valued at approximately $503,200,000. Robotti Robert bought a new stake in shares of Tidewater during the second quarter valued at approximately $193,652,000. Cerity Partners LLC increased its position in shares of Tidewater by 104.3% during the fourth quarter. Cerity Partners LLC now owns 1,142,935 shares of the oil and gas company’s stock valued at $57,730,000 after purchasing an additional 583,607 shares during the period. Old West Investment Management LLC acquired a new position in shares of Tidewater in the second quarter valued at $26,238,000. Finally, Bank of New York Mellon Corp bought a new position in Tidewater in the second quarter worth $24,842,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Transactions at Tidewater

In other Tidewater news, EVP Samuel R. Rubio sold 17,705 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $91.56, for a total transaction of $1,621,069.80. Following the sale, the executive vice president owned 33,214 shares of the company’s stock, valued at $3,041,073.84. This represents a 34.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.90% of the stock is currently owned by company insiders.

Tidewater Stock Up 1.1%

NYSE TDW opened at $95.65 on Friday. The stock’s 50 day simple moving average is $76.20 and its 200 day simple moving average is $77.83. Tidewater Inc. has a one year low of $46.65 and a one year high of $96.63. The firm has a market cap of $4.76 billion, a PE ratio of 19.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.58 and a quick ratio of 3.47.

Tidewater (NYSE:TDW) last issued its quarterly earnings data on Monday, August 3rd. The oil and gas company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The business had revenue of $342.29 million during the quarter, compared to the consensus estimate of $329.97 million. Tidewater had a net margin of 18.34% and a return on equity of 5.36%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 EPS. As a group, sell-side analysts forecast that Tidewater Inc. will post 3.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TDW has been the topic of several analyst reports. Weiss Ratings lowered shares of Tidewater from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. Barclays increased their price target on shares of Tidewater from $86.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Pickering Energy Partners raised Tidewater from an “underperform” rating to a “neutral” rating in a report on Thursday, June 11th. Zacks Research cut Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Fearnley Fonds upgraded Tidewater from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $91.00.

Tidewater Profile

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.