Tidewater Inc. (NYSE:TDW - Get Free Report) Director Robert Robotti purchased 25,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the transaction, the director now directly owns 2,208,670 shares in the company, valued at $88,589,753.70. This trade represents a 1.14 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Robert Robotti also recently made the following trade(s):
- On Wednesday, March 5th, Robert Robotti purchased 1,770 shares of Tidewater stock. The shares were bought at an average cost of $40.95 per share, for a total transaction of $72,481.50.
Tidewater Trading Up 1.3 %
TDW stock opened at $40.46 on Friday. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 12-month low of $38.65 and a 12-month high of $111.42. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 11.90 and a beta of 1.06. The business's 50-day moving average is $51.64 and its 200 day moving average is $58.70.
Institutional Investors Weigh In On Tidewater
Institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC acquired a new stake in Tidewater in the 4th quarter worth about $33,000. AlphaQuest LLC boosted its holdings in Tidewater by 177.4% in the 4th quarter. AlphaQuest LLC now owns 799 shares of the oil and gas company's stock worth $44,000 after buying an additional 511 shares during the last quarter. Quarry LP boosted its holdings in Tidewater by 187.6% in the 3rd quarter. Quarry LP now owns 814 shares of the oil and gas company's stock worth $58,000 after buying an additional 531 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in Tidewater in the 3rd quarter worth about $65,000. Finally, Headlands Technologies LLC acquired a new stake in Tidewater in the 4th quarter worth about $53,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on TDW shares. Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. DNB Markets started coverage on Tidewater in a research report on Friday, November 29th. They set a "buy" rating and a $70.00 target price on the stock. Finally, Evercore ISI cut Tidewater from an "outperform" rating to an "in-line" rating and dropped their target price for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Tidewater currently has an average rating of "Moderate Buy" and a consensus price target of $92.50.
View Our Latest Stock Report on Tidewater
Tidewater Company Profile
(
Get Free Report)
Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, 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; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.
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