Tidewater Inc. (TDW) Director Dick Fagerstal Buys 4,400 Shares
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.
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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