Tidewater Inc. (NYSE:TDW) Director Dick Fagerstal bought 4,400 shares of the business’s stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $24.30 per share, for a total transaction of $106,920.00. Following the completion of the transaction, the director now owns 21,541 shares in the company, valued at $523,446.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE TDW traded up $0.36 during trading on Tuesday, reaching $24.82. The stock had a trading volume of 119,146 shares, compared to its average volume of 177,779. Tidewater Inc. has a one year low of $18.36 and a one year high of $36.09. The company has a current ratio of 4.32, a quick ratio of 4.13 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $917.59 million, a price-to-earnings ratio of -3.85 and a beta of 1.50.

Tidewater (NYSE:TDW) last issued its quarterly earnings results on Monday, May 6th. The oil and gas company reported ($0.49) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.89) by $0.40. Tidewater had a negative return on equity of 12.15% and a negative net margin of 35.24%. The business had revenue of $122.10 million during the quarter, compared to the consensus estimate of $115.50 million. During the same period in the previous year, the business earned ($0.76) EPS. The business’s quarterly revenue was up 33.4% on a year-over-year basis. As a group, equities analysts predict that Tidewater Inc. will post -2.87 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Canyon Capital Advisors LLC bought a new stake in shares of Tidewater in the 4th quarter valued at approximately $22,566,000. Dimensional Fund Advisors LP increased its holdings in shares of Tidewater by 33.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 24,082 shares of the oil and gas company’s stock valued at $751,000 after acquiring an additional 6,009 shares during the last quarter. QS Investors LLC increased its holdings in shares of Tidewater by 23,181.8% in the 4th quarter. QS Investors LLC now owns 5,122 shares of the oil and gas company’s stock valued at $98,000 after acquiring an additional 5,100 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Tidewater by 8.4% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 56,979 shares of the oil and gas company’s stock valued at $1,777,000 after acquiring an additional 4,429 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Tidewater by 33.3% in the 4th quarter. Boston Partners now owns 77,736 shares of the oil and gas company’s stock valued at $1,487,000 after acquiring an additional 19,437 shares during the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded Tidewater from a “d+” rating to a “c-” rating in a report on Tuesday, May 14th. ValuEngine upgraded Tidewater from a “hold” rating to a “buy” rating in a report on Monday, April 1st.

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Tidewater Company Profile

Tidewater Inc provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; and various specialized services, such as pipe and cable laying.

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