Shares of Tidewater Inc. (NYSE:TDW) hit a new 52-week low during trading on Thursday . The stock traded as low as $22.68 and last traded at $22.80, with a volume of 2529 shares trading hands. The stock had previously closed at $23.71.
Several brokerages have commented on TDW. TheStreet cut shares of Tidewater from a “c-” rating to a “d” rating in a research note on Friday, November 30th. ValuEngine cut shares of Tidewater from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th.
The company has a quick ratio of 4.82, a current ratio of 5.00 and a debt-to-equity ratio of 0.46.
Tidewater (NYSE:TDW) last posted its earnings results on Tuesday, November 13th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.09). Tidewater had a negative net margin of 26.10% and a negative return on equity of 8.31%. The firm had revenue of $99.19 million during the quarter, compared to analyst estimates of $103.39 million. During the same quarter in the prior year, the firm earned ($0.81) earnings per share. As a group, equities research analysts expect that Tidewater Inc. will post -2.14 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. American International Group Inc. lifted its stake in shares of Tidewater by 4.6% in the 2nd quarter. American International Group Inc. now owns 2,356,828 shares of the oil and gas company’s stock valued at $68,183,000 after purchasing an additional 103,780 shares during the period. Vanguard Group Inc. lifted its stake in shares of Tidewater by 12.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,171,737 shares of the oil and gas company’s stock valued at $36,269,000 after purchasing an additional 126,839 shares during the period. Northern Trust Corp lifted its stake in shares of Tidewater by 350.8% in the 2nd quarter. Northern Trust Corp now owns 264,669 shares of the oil and gas company’s stock valued at $7,657,000 after purchasing an additional 205,958 shares during the period. D.C. Capital Advisors Ltd lifted its stake in shares of Tidewater by 16.7% in the 3rd quarter. D.C. Capital Advisors Ltd now owns 175,000 shares of the oil and gas company’s stock valued at $5,458,000 after purchasing an additional 25,000 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Tidewater by 137.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 158,961 shares of the oil and gas company’s stock valued at $4,599,000 after purchasing an additional 91,886 shares during the period. Hedge funds and other institutional investors own 82.53% of the company’s stock.
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Tidewater Company Profile (NYSE:TDW)
Tidewater Inc provides offshore service 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 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, remotely operated vehicle (ROV) operations, and seismic and subsea support; and various specialized services, such as pipe and cable laying.
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