Tidewater Inc. (NYSE:TDW – Get Free Report) Director Robert Robotti bought 25,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $40.11 per share, for a total transaction of $1,002,750.00. Following the completion of the acquisition, the director now owns 2,208,670 shares of the company’s stock, valued at $88,589,753.70. This trade represents a 1.14 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Robert Robotti also recently made the following trade(s):
- On Wednesday, March 5th, Robert Robotti acquired 1,770 shares of Tidewater stock. The shares were acquired at an average price of $40.95 per share, with a total value of $72,481.50.
Tidewater Stock Up 1.3 %
Shares of TDW traded up $0.53 during mid-day trading on Friday, reaching $40.46. The company’s stock had a trading volume of 1,788,652 shares, compared to its average volume of 1,001,353. Tidewater Inc. has a 1 year low of $38.65 and a 1 year high of $111.42. The company has a quick ratio of 2.19, a current ratio of 2.29 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.08 billion, a price-to-earnings ratio of 11.90 and a beta of 1.06. The business has a fifty day moving average of $51.64 and a 200 day moving average of $58.70.
Institutional Investors Weigh In On Tidewater
Analysts Set New Price Targets
A number of analysts recently weighed in on TDW shares. DNB Markets started coverage on shares of Tidewater in a report on Friday, November 29th. They set a “buy” rating and a $70.00 target price for the company. Pickering Energy Partners lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Evercore ISI lowered Tidewater from an “outperform” rating to an “in-line” rating and decreased their price target for the company from $112.00 to $68.00 in a research report on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.50.
Read Our Latest Stock Analysis on TDW
About Tidewater
Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore oil and gas exploration, field development, and production, as well as windfarm development and maintenance, 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; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.
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