Tidewater Inc. (NYSE:TDW – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $61.09 and last traded at $60.07, with a volume of 129610 shares traded. The stock had previously closed at $59.65.
Wall Street Analyst Weigh In
TDW has been the subject of a number of research analyst reports. BTIG Research initiated coverage on Tidewater in a report on Wednesday, June 21st. They set a “buy” rating and a $75.00 price target for the company. StockNews.com began coverage on Tidewater in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Raymond James began coverage on Tidewater in a research report on Thursday. They set a “strong-buy” rating and a $85.00 price objective on the stock. TheStreet upgraded Tidewater from a “c+” rating to a “b-” rating in a research report on Friday, June 30th. Finally, Evercore ISI began coverage on Tidewater in a research report on Friday, July 7th. They set an “outperform” rating and a $90.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $83.33.
Tidewater Trading Up 0.3 %
The business has a 50 day moving average of $48.72 and a two-hundred day moving average of $45.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.73 and a current ratio of 1.84. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of -597.94 and a beta of 1.41.
Institutional Trading of Tidewater
Institutional investors and hedge funds have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in shares of Tidewater during the first quarter valued at approximately $44,000. Tower Research Capital LLC TRC increased its position in shares of Tidewater by 36.0% during the first quarter. Tower Research Capital LLC TRC now owns 1,021 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 270 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tidewater by 59.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,094 shares of the oil and gas company’s stock valued at $48,000 after acquiring an additional 410 shares during the last quarter. Strs Ohio purchased a new stake in shares of Tidewater during the first quarter valued at approximately $52,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Tidewater during the third quarter valued at approximately $51,000. 88.30% of the stock is owned by hedge funds and other institutional investors.
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 crude oil and natural 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.
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