Tidewater Inc. (NYSE:TDW – Get Free Report) Director Robert Robotti purchased 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $40.11 per share, with a total value of $1,002,750.00. Following the completion of the transaction, the director now owns 2,208,670 shares of the company’s stock, valued at $88,589,753.70. The trade was a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Robert Robotti also recently made the following trade(s):
- On Wednesday, March 5th, Robert Robotti purchased 1,770 shares of Tidewater stock. The stock was bought at an average price of $40.95 per share, with a total value of $72,481.50.
Tidewater Stock Performance
Shares of Tidewater stock opened at $40.46 on Monday. The firm has a market cap of $2.08 billion, a P/E ratio of 11.90 and a beta of 1.06. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. Tidewater Inc. has a 12 month low of $38.65 and a 12 month high of $111.42. The stock’s fifty day moving average price is $51.32 and its 200-day moving average price is $57.92.
Hedge Funds Weigh In On Tidewater
Analysts Set New Price Targets
TDW has been the subject of a number of analyst reports. Pickering Energy Partners downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $112.00 to $68.00 in a research note on Wednesday, January 15th. Finally, DNB Markets initiated coverage on Tidewater in a research note on Friday, November 29th. They issued a “buy” rating and a $70.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $92.50.
Check Out Our Latest Stock Report on TDW
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.
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