Tidewater Inc. (NYSE:TDW)’s share price shot up 13.4% during mid-day trading on Monday . The stock traded as high as $4.56 and last traded at $4.48, with a volume of 1,301,465 shares changing hands. The stock had previously closed at $3.95.

Several research firms have issued reports on TDW. Argus reaffirmed a “hold” rating on shares of Tidewater in a report on Friday, July 8th. Iberia Capital downgraded shares of Tidewater from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $8.00 to $4.00 in a research note on Friday, May 27th. Finally, Zacks Investment Research downgraded shares of Tidewater from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the stock. Tidewater currently has a consensus rating of “Hold” and an average price target of $12.00.

The stock’s market capitalization is $220.74 million. The stock has a 50 day moving average of $4.52 and a 200-day moving average of $5.95.

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