Tidewater Inc. (NYSE:TDW)’s share price rose 4% on Tuesday . The stock traded as high as $3.39 and last traded at $3.38, with a volume of 528,032 shares. The stock had previously closed at $3.25.

TDW has been the subject of several research analyst reports. Johnson Rice cut Tidewater from an “accumulate” rating to a “hold” rating in a research report on Wednesday, August 10th. Morgan Stanley set a $4.50 price objective on Tidewater and gave the stock a “sell” rating in a research report on Thursday, August 11th. Argus reissued a “hold” rating on shares of Tidewater in a research report on Friday, July 8th. Zacks Investment Research cut Tidewater from a “buy” rating to a “hold” rating in a research report on Thursday, April 28th. Finally, Iberia Capital cut Tidewater from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $8.00 to $4.00 in a research report on Friday, May 27th. Three analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.25.

The firm’s 50 day moving average is $4.17 and its 200-day moving average is $5.82. The company’s market cap is $160.03 million.

Tidewater (NYSE:TDW) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($1.89) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.74) by $1.15. The firm earned $167.90 million during the quarter, compared to the consensus estimate of $169.75 million. During the same period last year, the firm earned $0.18 EPS. Tidewater’s quarterly revenue was down 44.9% compared to the same quarter last year. Equities research analysts predict that Tidewater Inc. will post ($4.13) earnings per share for the current year.

A hedge fund recently raised its stake in Tidewater stock. Schwab Charles Investment Management Inc. increased its stake in shares of Tidewater Inc. (NYSE:TDW) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 389,331 shares of the company’s stock after buying an additional 73,267 shares during the period. Schwab Charles Investment Management Inc. owned 0.83% of Tidewater worth $2,710,000 as of its most recent filing with the SEC.

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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