Tidewater Inc. (NYSE:TDW) Director Purchases $70,000.00 in Stock

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.

Several large investors have recently made changes to their positions in TDW. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tidewater by 75.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,208 shares of the oil and gas company’s stock worth $33,000 after purchasing an additional 953 shares in the last quarter. Quantamental Technologies LLC grew its position in shares of Tidewater by 157.1% during the 2nd quarter. Quantamental Technologies LLC now owns 1,800 shares of the oil and gas company’s stock worth $42,000 after purchasing an additional 1,100 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Tidewater during the 2nd quarter worth approximately $70,000. Metropolitan Life Insurance Co NY grew its position in shares of Tidewater by 15.8% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 9,686 shares of the oil and gas company’s stock worth $224,000 after purchasing an additional 1,320 shares in the last quarter. Finally, Altshuler Shaham Ltd acquired a new position in shares of Tidewater during the 2nd quarter worth approximately $260,000. Hedge funds and other institutional investors own 82.64% of the company’s stock.

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.

About Tidewater

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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