Tidewater Inc. (NYSE:TDW)’s share price dropped 4.1% during trading on Monday . The company traded as low as $4.38 and last traded at $4.40, with a volume of 803,247 shares changing hands. The stock had previously closed at $4.59.

TDW has been the subject of a number of research analyst reports. Zacks Investment Research cut Tidewater from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Iberia Capital cut Tidewater from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $8.00 to $4.00 in a report on Friday, May 27th. Finally, Argus restated a “hold” rating on shares of Tidewater in a report on Friday, July 8th. One analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Tidewater presently has a consensus rating of “Hold” and an average target price of $12.00.

The stock’s 50-day moving average is $4.80 and its 200 day moving average is $6.05. The company’s market capitalization is $205.21 million.

Tidewater (NYSE:TDW) last issued its earnings results on Wednesday, May 25th. The company reported ($1.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.59) by $1.15. The company earned $184.17 million during the quarter, compared to analyst estimates of $192.39 million. The firm’s revenue was down 43.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. On average, equities analysts expect that Tidewater Inc. will post ($3.39) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Tidewater stock. New York State Common Retirement Fund increased its position in Tidewater Inc. (NYSE:TDW) by 27.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 226,965 shares of the company’s stock after buying an additional 48,445 shares during the period. New York State Common Retirement Fund owned about 0.48% of Tidewater worth $1,580,000 at the end of the most recent quarter.

Tidewater Inc provides offshore service vessels and marine support services to the global offshore energy industry. The Company operates through four operating segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. The Americas segment includes the activities of its North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations in Mexico, Trinidad and Brazil.

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