Randee E. Day Purchases 2,500 Shares of Tidewater Inc. (TDW) Stock
Tidewater Inc. (NYSE:TDW) Director Randee E. Day acquired 2,500 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average price of $24.95 per share, with a total value of $62,375.00. Following the transaction, the director now directly owns 19,641 shares of the company’s stock, valued at approximately $490,042.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
NYSE:TDW traded down $1.77 during trading hours on Thursday, hitting $22.93. The company’s stock had a trading volume of 193,000 shares, compared to its average volume of 178,661. The stock has a market capitalization of $926.50 million, a price-to-earnings ratio of -3.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.13 and a current ratio of 4.32. Tidewater Inc. has a 52-week low of $18.36 and a 52-week high of $36.09.
Tidewater (NYSE:TDW) last released its quarterly earnings data on Monday, May 6th. The oil and gas company reported ($0.49) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.89) by $0.40. The firm had revenue of $122.10 million during the quarter, compared to analysts’ expectations of $115.50 million. Tidewater had a negative return on equity of 12.15% and a negative net margin of 35.24%. Tidewater’s revenue was up 33.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.76) earnings per share. On average, analysts predict that Tidewater Inc. will post -2.87 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY grew its holdings in Tidewater by 15.8% in the first quarter. Metropolitan Life Insurance Co NY now owns 9,686 shares of the oil and gas company’s stock valued at $224,000 after purchasing an additional 1,320 shares during the last quarter. BlueMountain Capital Management LLC grew its holdings in Tidewater by 63.5% in the first quarter. BlueMountain Capital Management LLC now owns 7,758 shares of the oil and gas company’s stock valued at $180,000 after purchasing an additional 3,014 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in Tidewater by 18.2% in the first quarter. MetLife Investment Advisors LLC now owns 13,353 shares of the oil and gas company’s stock valued at $310,000 after purchasing an additional 2,053 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Tidewater in the first quarter valued at $290,000. Finally, Marshall Wace LLP acquired a new stake in Tidewater in the first quarter valued at $524,000. 86.06% of the stock is currently owned by institutional investors.
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Tidewater Inc provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, 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; and various specialized services, such as pipe and cable laying.
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