Encompass Capital Advisors LLC Has $86.57 Million Stock Holdings in Tidewater Inc. (NYSE:TDW)

Encompass Capital Advisors LLC grew its stake in shares of Tidewater Inc. (NYSE:TDW - Free Report) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,582,328 shares of the oil and gas company's stock after purchasing an additional 238,170 shares during the period. Tidewater makes up 3.3% of Encompass Capital Advisors LLC's investment portfolio, making the stock its 3rd largest holding. Encompass Capital Advisors LLC owned approximately 3.02% of Tidewater worth $86,569,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently modified their holdings of the company. First Manhattan CO. LLC. bought a new stake in shares of Tidewater during the 4th quarter valued at $2,853,000. FORA Capital LLC bought a new stake in shares of Tidewater during the 4th quarter valued at $977,000. Frontier Capital Management Co. LLC boosted its holdings in shares of Tidewater by 51.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 624,236 shares of the oil and gas company's stock valued at $34,152,000 after buying an additional 212,189 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Tidewater by 73.5% during the 4th quarter. Deutsche Bank AG now owns 486,151 shares of the oil and gas company's stock valued at $26,597,000 after buying an additional 205,887 shares in the last quarter. Finally, Epacria Capital Partners LLC boosted its holdings in shares of Tidewater by 234.4% during the 4th quarter. Epacria Capital Partners LLC now owns 25,595 shares of the oil and gas company's stock valued at $1,400,000 after buying an additional 17,942 shares in the last quarter. Institutional investors own 95.13% of the company's stock.

Insiders Place Their Bets

In other Tidewater news, Director Robert Robotti bought 25,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the transaction, the director now owns 2,208,670 shares in the company, valued at $88,589,753.70. This represents a 1.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 8.33% of the stock is owned by insiders.

Tidewater Stock Up 0.8%

Tidewater stock traded up $0.31 during trading hours on Friday, hitting $41.44. The stock had a trading volume of 1,274,942 shares, compared to its average volume of 1,091,298. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $2.11 billion, a P/E ratio of 12.19 and a beta of 1.00. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $110.06. The stock's 50-day moving average price is $38.55 and its 200-day moving average price is $48.09.

Tidewater (NYSE:TDW - Get Free Report) last issued its earnings results on Friday, May 9th. The oil and gas company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.24. Tidewater had a net margin of 13.92% and a return on equity of 18.16%. Tidewater's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.89 earnings per share. Equities research analysts anticipate that Tidewater Inc. will post 3.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TDW has been the topic of a number of research reports. Evercore ISI cut shares of 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 report on Wednesday, January 15th. Raymond James lowered their price target on Tidewater from $76.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Pickering Energy Partners lowered 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 issued a buy rating to the stock. According to MarketBeat.com, Tidewater currently has a consensus rating of "Hold" and an average price target of $69.33.

About Tidewater

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.