01 Sep Tidewater (NYSE:TDW) Stock Price Crosses Above Two Hundred …
Tidewater Inc. (NYSE:TDW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.09 and traded as high as $16.47. Tidewater shares last traded at $15.77, with a volume of 3,199 shares trading hands.
A number of brokerages have recently commented on TDW. TheStreet upgraded Tidewater from a “d+” rating to a “c-” rating in a report on Tuesday, May 14th. ValuEngine upgraded Tidewater from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st.
The stock has a market cap of $603.61 million, a PE ratio of -2.44 and a beta of 1.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.15 and a current ratio of 4.34. The stock has a fifty day moving average price of $19.40 and a 200 day moving average price of $22.06.
Tidewater (NYSE:TDW) last announced its earnings results on Monday, August 12th. The oil and gas company reported ($0.42) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.86) by $0.44. The firm had revenue of $125.86 million during the quarter, compared to analysts’ expectations of $131.77 million. Tidewater had a negative return on equity of 12.46% and a negative net margin of 34.78%. The company’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.44) EPS. As a group, equities analysts anticipate that Tidewater Inc. will post -2.87 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of TDW. Nuveen Asset Management LLC bought a new stake in shares of Tidewater during the 2nd quarter worth approximately $16,493,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Tidewater by 17.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 3,076,372 shares of the oil and gas company’s stock worth $72,233,000 after acquiring an additional 454,570 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Tidewater by 19.4% during the 2nd quarter. BlackRock Inc. now owns 2,650,081 shares of the oil and gas company’s stock worth $62,224,000 after acquiring an additional 431,361 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Tidewater during the 2nd quarter worth approximately $6,088,000. Finally, Moerus Capital Management LLC raised its position in Tidewater by 10.0% during the 1st quarter. Moerus Capital Management LLC now owns 1,564,122 shares of the oil and gas company’s stock valued at $36,272,000 after purchasing an additional 142,153 shares in the last quarter. 80.11% of the stock is owned by hedge funds and other institutional investors.
About Tidewater (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.
Recommended Story: Depreciation
Receive News & Ratings for Tidewater Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Tidewater and related companies with MarketBeat.com’s FREE daily email newsletter.