Tidewater Inc. (NYSE:TDW) Director Robert P. Tamburrino acquired 5,000 shares of the stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $22.75 per share, with a total value of $113,750.00. Following the completion of the transaction, the director now owns 15,626 shares of the company’s stock, valued at approximately $355,491.50. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Tidewater stock opened at $23.48 on Thursday. Tidewater Inc. has a one year low of $18.36 and a one year high of $36.09. The stock has a market cap of $887.58 million, a PE ratio of -3.64 and a beta of 1.50. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.32 and a quick ratio of 4.13.
Tidewater (NYSE:TDW) last announced its quarterly earnings results on Monday, May 6th. The oil and gas company reported ($0.49) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.89) by $0.40. The firm had revenue of $122.10 million during the quarter, compared to the consensus estimate of $115.50 million. Tidewater had a negative return on equity of 12.15% and a negative net margin of 35.24%. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.76) earnings per share. On average, sell-side analysts predict that Tidewater Inc. will post -2.87 earnings per share for the current year.
A number of equities analysts have recently commented on the company. ValuEngine raised Tidewater from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. TheStreet raised Tidewater from a “d+” rating to a “c-” rating in a research report on Tuesday.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Tidewater by 7.8% in the first quarter. BlackRock Inc. now owns 2,218,720 shares of the oil and gas company’s stock valued at $51,452,000 after purchasing an additional 161,097 shares in the last quarter. Q Global Advisors LLC boosted its holdings in Tidewater by 306.1% in the fourth quarter. Q Global Advisors LLC now owns 1,748,701 shares of the oil and gas company’s stock valued at $33,453,000 after purchasing an additional 1,318,060 shares in the last quarter. Moerus Capital Management LLC boosted its holdings in Tidewater by 10.0% in the first quarter. Moerus Capital Management LLC now owns 1,564,122 shares of the oil and gas company’s stock valued at $36,272,000 after purchasing an additional 142,153 shares in the last quarter. Canyon Capital Advisors LLC acquired a new position in Tidewater in the fourth quarter valued at approximately $22,566,000. Finally, Vanguard Group Inc. boosted its holdings in Tidewater by 12.1% in the third quarter. Vanguard Group Inc. now owns 1,171,737 shares of the oil and gas company’s stock valued at $36,269,000 after purchasing an additional 126,839 shares in the last quarter. 83.53% of the stock is owned by hedge funds and other institutional investors.
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Tidewater Company Profile
Tidewater Inc provides offshore service 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 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, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
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