FORA Capital LLC purchased a new stake in Tidewater Inc. (NYSE:TDW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,851 shares of the oil and gas company's stock, valued at approximately $977,000.
Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new stake in Tidewater in the fourth quarter worth about $33,000. AlphaQuest LLC raised its position in shares of Tidewater by 177.4% during 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 in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Tidewater in the 4th quarter worth approximately $53,000. EverSource Wealth Advisors LLC lifted its stake in shares of Tidewater by 45.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,065 shares of the oil and gas company's stock worth $58,000 after acquiring an additional 333 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Tidewater by 2,018.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,271 shares of the oil and gas company's stock valued at $70,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors own 95.13% of the company's stock.
Analysts Set New Price Targets
Several brokerages have recently weighed in on TDW. Raymond James cut their price objective on Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. Evercore ISI cut shares of Tidewater from an "outperform" rating to an "in-line" rating and dropped their price target for the stock from $112.00 to $68.00 in a research report on Wednesday, January 15th. Finally, Pickering Energy Partners lowered shares of Tidewater from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.33.
View Our Latest Stock Analysis on TDW
Tidewater Trading Up 3.3%
Shares of NYSE:TDW traded up $1.36 during mid-day trading on Monday, hitting $42.81. The stock had a trading volume of 941,479 shares, compared to its average volume of 1,090,699. The company's 50 day moving average is $38.59 and its 200-day moving average is $47.97. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $110.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29. The company has a market cap of $2.12 billion, a PE ratio of 12.59 and a beta of 1.00.
Tidewater (NYSE:TDW - Get Free Report) last issued its quarterly earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.24. Tidewater had a return on equity of 18.16% and a net margin of 13.92%. The firm's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 EPS. On average, sell-side analysts predict that Tidewater Inc. will post 3.25 EPS for the current year.
Insiders Place Their Bets
In other news, Director Robert Robotti bought 25,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $40.11 per share, for a total transaction of $1,002,750.00. Following the acquisition, the director now directly owns 2,208,670 shares of the company's stock, valued at $88,589,753.70. The trade was a 1.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 8.33% of the company's stock.
About Tidewater
(
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.
Further Reading
Before you consider Tidewater, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.
While Tidewater currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
