Tidewater (NYSE:TDW) EVP Samuel Rubio Sells 17,705 Shares

Key Points

• Insider sale: EVP Samuel Rubio sold 17,705 Tidewater shares for approximately $1.62 million at an average price of $91.56, reducing his position by 34.77% to 33,214 shares.
• Stock and earnings: Tidewater shares recently traded at $94.35, near their 52-week high of $95.32. The company reported quarterly EPS of $0.43, below the $0.46 consensus estimate, while revenue of $342.29 million exceeded expectations.
• Analyst outlook: Ratings remain mixed but lean toward caution, with a consensus “Hold” rating and a $91 price target. Institutional investors own approximately 95.13% of the company.

Tidewater Inc. (NYSE:TDW - Get Free Report) EVP Samuel Rubio sold 17,705 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president owned 33,214 shares in the company, valued at $3,041,073.84. The trade was a 34.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Tidewater Stock Performance

Shares of TDW traded up $2.83 on Friday, reaching $94.35. 461,427 shares of the company's stock traded hands, compared to its average volume of 790,218. The stock's 50 day simple moving average is $74.09 and its two-hundred day simple moving average is $76.69. The stock has a market cap of $4.69 billion, a PE ratio of 19.10 and a beta of 0.53. Tidewater Inc. has a 52-week low of $46.65 and a 52-week high of $95.32. The company has a current ratio of 3.58, a quick ratio of 3.47 and a debt-to-equity ratio of 0.47.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Tidewater

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Tidewater in the fourth quarter valued at approximately $1,036,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Tidewater during the 4th quarter worth approximately $1,953,000. Tejara Capital Ltd lifted its stake in Tidewater by 127.6% in the 4th quarter. Tejara Capital Ltd now owns 44,600 shares of the oil and gas company's stock worth $2,253,000 after purchasing an additional 25,000 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Tidewater by 6.7% in the 1st quarter. Bank of New York Mellon Corp now owns 323,869 shares of the oil and gas company's stock valued at $27,059,000 after purchasing an additional 20,472 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in shares of Tidewater during the 4th quarter valued at $346,000. Institutional investors own 95.13% of the company's stock.

Tidewater Company Profile

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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