Tidewater Inc. (NYSE:TDW) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.63 and traded as high as $17.63. Tidewater shares last traded at $17.36, with a volume of 8,860 shares traded.

A number of equities research analysts recently weighed in on TDW shares. Zacks Investment Research cut Tidewater from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. ValuEngine cut Tidewater from a “strong-buy” rating to a “buy” rating in a report on Friday, January 3rd. Finally, TheStreet cut Tidewater from a “c-” rating to a “d+” rating in a report on Friday, October 18th.

The firm has a market cap of $688.09 million, a price-to-earnings ratio of -2.69 and a beta of 1.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.90 and a current ratio of 4.03. The business has a fifty day moving average of $17.47 and a two-hundred day moving average of $17.63.

Tidewater (NYSE:TDW) last announced its earnings results on Monday, November 11th. The oil and gas company reported ($0.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.27). The company had revenue of $119.80 million for the quarter, compared to analyst estimates of $122.87 million. Tidewater had a negative net margin of 36.07% and a negative return on equity of 14.51%. Tidewater’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.41) EPS. On average, equities research analysts forecast that Tidewater Inc. will post -1.54 earnings per share for the current year.

In related news, Director Robert P. Tamburrino bought 5,000 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average price of $14.00 per share, for a total transaction of $70,000.00. Following the acquisition, the director now owns 20,626 shares in the company, valued at $288,764. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.47% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Metropolitan Life Insurance Co NY lifted its position in shares of 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 acquiring an additional 1,320 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Tidewater by 7.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 398,829 shares of the oil and gas company’s stock worth $9,365,000 after buying an additional 28,027 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Tidewater by 20.8% during the second quarter. Bank of New York Mellon Corp now owns 176,921 shares of the oil and gas company’s stock worth $4,154,000 after buying an additional 30,456 shares in the last quarter. Northern Trust Corp lifted its position in Tidewater by 7.2% during the second quarter. Northern Trust Corp now owns 394,799 shares of the oil and gas company’s stock worth $9,269,000 after buying an additional 26,481 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Tidewater by 19.4% during the second quarter. BlackRock Inc. now owns 2,650,081 shares of the oil and gas company’s stock worth $62,224,000 after buying an additional 431,361 shares in the last quarter. Hedge funds and other institutional investors own 84.92% of the company’s stock.

Tidewater Company Profile (NYSE:TDW)

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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