Tidewater Inc. (NYSE:TDW) Director Robert P. Tamburrino purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average price of $14.00 per share, for a total transaction of $70,000.00. Following the purchase, the director now owns 20,626 shares in the company, valued at approximately $288,764. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
TDW remained flat at $$13.89 on Friday. 182,274 shares of the company were exchanged, compared to its average volume of 184,522. Tidewater Inc. has a twelve month low of $13.52 and a twelve month high of $26.57. The firm has a market cap of $555.33 million, a PE ratio of -2.15 and a beta of 1.60. The firm’s fifty day simple moving average is $15.60 and its two-hundred day simple moving average is $19.30. The company has a debt-to-equity ratio of 0.39, a quick ratio of 4.15 and a current ratio of 4.03.
Tidewater (NYSE:TDW) last announced its quarterly earnings results on Monday, November 11th. The oil and gas company reported ($0.98) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.71) by ($0.27). Tidewater had a negative net margin of 36.07% and a negative return on equity of 14.51%. The company had revenue of $119.80 million during the quarter, compared to analyst estimates of $122.87 million. During the same quarter last year, the company posted ($0.41) EPS. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. Research analysts forecast that Tidewater Inc. will post -1.54 earnings per share for the current fiscal year.
A number of brokerages recently commented on TDW. ValuEngine upgraded shares of Tidewater from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st. TheStreet lowered shares of Tidewater from a “c-” rating to a “d+” rating in a research note on Friday, October 18th. Finally, Zacks Investment Research upgraded shares of Tidewater from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, November 7th.
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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