Tidewater Inc. (NYSE:TDW) Stock Position Boosted by Praetorian PR LLC

Praetorian PR LLC lifted its holdings in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 34.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,000 shares of the oil and gas company's stock after acquiring an additional 111,000 shares during the quarter. Tidewater accounts for about 9.5% of Praetorian PR LLC's holdings, making the stock its 4th largest position. Praetorian PR LLC owned about 0.82% of Tidewater worth $23,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TDW. Pacer Advisors Inc. boosted its holdings in Tidewater by 42,719.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company's stock valued at $76,277,000 after purchasing an additional 1,390,951 shares during the period. Norges Bank bought a new stake in Tidewater during the fourth quarter valued at $32,388,000. Price T Rowe Associates Inc. MD grew its position in Tidewater by 20.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,306,313 shares of the oil and gas company's stock worth $126,180,000 after buying an additional 390,814 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Tidewater by 22.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,551,729 shares of the oil and gas company's stock worth $84,888,000 after acquiring an additional 286,097 shares during the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in shares of Tidewater in the 4th quarter valued at about $12,574,000. Hedge funds and other institutional investors own 95.13% of the company's stock.

Insiders Place Their Bets

In other news, Director Robert Robotti bought 25,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the purchase, the director now directly owns 2,208,670 shares in the company, valued at approximately $88,589,753.70. This trade represents a 1.14 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Evercore ISI downgraded shares of Tidewater from an "outperform" rating to an "in-line" rating and lowered their target price for the company from $112.00 to $68.00 in a research note on Wednesday, January 15th. Pickering Energy Partners cut Tidewater from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Tidewater presently has a consensus rating of "Moderate Buy" and an average target price of $92.50.

Tidewater Trading Down 1.3 %

Shares of NYSE TDW traded down $0.51 during mid-day trading on Monday, reaching $37.98. The company had a trading volume of 869,584 shares, compared to its average volume of 1,084,339. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The business's 50-day moving average is $39.05 and its 200-day moving average is $48.87. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 11.17 and a beta of 1.00. Tidewater Inc. has a 52 week low of $31.17 and a 52 week high of $111.42.

Tidewater (NYSE:TDW - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The oil and gas company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.49 by $0.34. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. During the same quarter last year, the business earned $0.92 earnings per share. The company's revenue was up 3.8% on a year-over-year basis. Equities analysts expect that Tidewater Inc. will post 3.25 earnings per share for the current year.

Tidewater Profile

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.