126,273 Shares in Tidewater Inc. $TDW Purchased by De Lisle Partners LLP

Key Points

• De Lisle Partners LLP purchased 126,273 Tidewater shares worth approximately $8.4 million in the second quarter, giving it a 0.25% stake. Institutional investors collectively own 95.13% of the company.
• Analysts have a consensus “Hold” rating on Tidewater, with an average price target of $91.00; Barclays recently raised its target to $91 while maintaining an equal-weight rating.
• Tidewater reported quarterly revenue of $342.29 million, exceeding estimates, but EPS of $0.43 fell short of the $0.46 consensus. The stock opened at $96.17, near its 52-week high of $97.50, while an executive recently sold shares worth approximately $1.6 million.

De Lisle Partners LLP purchased a new stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 126,273 shares of the oil and gas company's stock, valued at approximately $8,412,000. De Lisle Partners LLP owned about 0.25% of Tidewater as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Tidewater by 22.6% during the first quarter. Royal Bank of Canada now owns 23,169 shares of the oil and gas company's stock worth $980,000 after buying an additional 4,278 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Tidewater by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,028 shares of the oil and gas company's stock valued at $1,227,000 after acquiring an additional 1,271 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Tidewater by 4.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 44,833 shares of the oil and gas company's stock worth $1,895,000 after acquiring an additional 1,931 shares in the last quarter. Cetera Investment Advisers grew its position in Tidewater by 4.1% during the 2nd quarter. Cetera Investment Advisers now owns 8,010 shares of the oil and gas company's stock worth $370,000 after acquiring an additional 314 shares during the last quarter. Finally, Invesco Ltd. grew its position in Tidewater by 12.1% during the 2nd quarter. Invesco Ltd. now owns 227,443 shares of the oil and gas company's stock worth $10,492,000 after acquiring an additional 24,609 shares during the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Tidewater Stock Down 0.3%

NYSE:TDW opened at $96.17 on Friday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 19.47 and a beta of 0.53. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.47 and a current ratio of 3.58. The stock's fifty day moving average price is $76.58 and its two-hundred day moving average price is $77.96. Tidewater Inc. has a 52-week low of $46.65 and a 52-week high of $97.50.

Tidewater (NYSE:TDW - Get Free Report) last released its earnings results on Monday, August 3rd. The oil and gas company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $342.29 million during the quarter, compared to analyst estimates of $329.97 million. Tidewater had a net margin of 18.34% and a return on equity of 5.36%. The firm's quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business posted $1.46 earnings per share. On average, analysts anticipate that Tidewater Inc. will post 3.08 EPS for the current year.

Insider Buying and Selling

In related news, EVP Samuel R. Rubio sold 17,705 shares of Tidewater stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $91.56, for a total value of $1,621,069.80. Following the completion of the sale, the executive vice president directly owned 33,214 shares in the company, valued at $3,041,073.84. This trade represents a 34.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.90% of the stock is currently owned by insiders.

About Tidewater

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.

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