Tidewater Inc. (NYSE:TDW) Director Dick Fagerstal bought 4,400 shares of the stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $24.30 per share, for a total transaction of $106,920.00. Following the completion of the purchase, the director now directly owns 21,541 shares in the company, valued at $523,446.30. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE TDW traded down $0.66 during trading on Friday, hitting $21.19. The company had a trading volume of 149,289 shares, compared to its average volume of 236,224. The company has a quick ratio of 4.13, a current ratio of 4.32 and a debt-to-equity ratio of 0.38. Tidewater Inc. has a 12 month low of $18.36 and a 12 month high of $36.09. The company has a market capitalization of $794.84 million, a P/E ratio of -3.29 and a beta of 1.40.
Tidewater (NYSE:TDW) last released its quarterly earnings results on Monday, May 6th. The oil and gas company reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($0.89) by $0.40. Tidewater had a negative return on equity of 12.15% and a negative net margin of 35.24%. The business had revenue of $122.10 million during the quarter, compared to analysts’ expectations of $115.50 million. During the same quarter last year, the business posted ($0.76) EPS. The firm’s revenue for the quarter was up 33.4% compared to the same quarter last year. Research analysts anticipate that Tidewater Inc. will post -2.87 EPS for the current year.
Several hedge funds have recently modified their holdings of the stock. Q Global Advisors LLC raised its position in Tidewater by 306.1% during the 4th quarter. Q Global Advisors LLC now owns 1,748,701 shares of the oil and gas company’s stock valued at $33,453,000 after purchasing an additional 1,318,060 shares in the last quarter. Canyon Capital Advisors LLC bought a new stake in Tidewater during the 4th quarter valued at $22,566,000. BlackRock Inc. raised its position in Tidewater by 13.5% during the 4th quarter. BlackRock Inc. now owns 2,057,623 shares of the oil and gas company’s stock valued at $39,362,000 after purchasing an additional 245,005 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Tidewater by 110.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 451,491 shares of the oil and gas company’s stock valued at $10,470,000 after purchasing an additional 237,059 shares in the last quarter. 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. 84.37% of the stock is owned by hedge funds and other institutional investors.
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: How are institutional investors different from individual investors?
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.