Tidewater Inc. $TDW Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in Tidewater Inc. (NYSE:TDW) by 264.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,758 shares of the oil and gas company’s stock after acquiring an additional 14,339 shares during the period. SG Americas Securities LLC’s holdings in Tidewater were worth $1,054,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in TDW. Altfest L J & Co. Inc. lifted its holdings in shares of Tidewater by 2.0% in the 3rd quarter. Altfest L J & Co. Inc. now owns 13,568 shares of the oil and gas company’s stock worth $724,000 after purchasing an additional 272 shares during the last quarter. Alhambra Investment Management LLC increased its position in Tidewater by 33.0% in the third quarter. Alhambra Investment Management LLC now owns 6,111 shares of the oil and gas company’s stock worth $326,000 after buying an additional 1,515 shares during the period. Farther Finance Advisors LLC lifted its stake in Tidewater by 67.2% in the third quarter. Farther Finance Advisors LLC now owns 24,553 shares of the oil and gas company’s stock valued at $1,309,000 after buying an additional 9,868 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Tidewater by 105.4% during the third quarter. Exchange Traded Concepts LLC now owns 14,189 shares of the oil and gas company’s stock valued at $757,000 after acquiring an additional 7,282 shares during the period. Finally, Financial Enhancement Group LLC grew its position in shares of Tidewater by 1.4% during the third quarter. Financial Enhancement Group LLC now owns 21,371 shares of the oil and gas company’s stock worth $1,132,000 after acquiring an additional 288 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a report on Monday, December 29th. Dnb Nor Markets downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Evercore ISI cut their price objective on shares of Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Tidewater has an average rating of “Hold” and an average price target of $67.50.

Tidewater Stock Performance

NYSE:TDW opened at $57.45 on Monday. The company has a 50-day moving average of $54.56 and a 200-day moving average of $53.99. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 19.34 and a beta of 0.63. The company has a current ratio of 2.89, a quick ratio of 2.79 and a debt-to-equity ratio of 0.57. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $64.07.

Tidewater (NYSE:TDW) last released its earnings results on Tuesday, November 11th. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.48). The business had revenue of $341.11 million during the quarter, compared to the consensus estimate of $328.84 million. Tidewater had a return on equity of 14.86% and a net margin of 11.14%.The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Analysts forecast that Tidewater Inc. will post 3.25 earnings per share for the current fiscal year.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.