Tidewater Inc. (NYSE:TDW) Given Consensus Rating of “Buy” by Analysts

Tidewater Inc. (NYSE:TDW) has earned a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $95.80.

Several equities research analysts recently weighed in on TDW shares. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. DNB Markets assumed coverage on shares of Tidewater in a research note on Friday, November 29th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Raymond James lowered shares of Tidewater from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $131.00 to $102.00 in a research note on Monday, November 11th.

Hedge Funds Weigh In On Tidewater

Several large investors have recently modified their holdings of TDW. GAMMA Investing LLC raised its holdings in Tidewater by 135.4% in the 2nd quarter. GAMMA Investing LLC now owns 266 shares of the oil and gas company’s stock worth $25,000 after acquiring an additional 153 shares during the last quarter. Quarry LP purchased a new position in shares of Tidewater in the second quarter worth $27,000. Hollencrest Capital Management purchased a new position in shares of Tidewater in the second quarter worth $30,000. Northwest & Ethical Investments L.P. bought a new position in shares of Tidewater during the third quarter valued at $65,000. Finally, Headlands Technologies LLC increased its holdings in Tidewater by 6,322.2% in the 2nd quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company’s stock worth $110,000 after buying an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Tidewater Stock Performance

Tidewater stock opened at $47.63 on Wednesday. Tidewater has a fifty-two week low of $46.50 and a fifty-two week high of $111.42. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 14.01 and a beta of 1.10. The stock’s 50 day simple moving average is $56.95 and its two-hundred day simple moving average is $77.73. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.19 and a current ratio of 2.29.

Tidewater Company 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.