Shares of Tidewater Inc. (NYSE:TDW) traded down 4.9% during mid-day trading on Tuesday . The company traded as low as $4.66 and last traded at $4.68, with a volume of 509,155 shares changing hands. The stock had previously closed at $4.92.

A number of analysts have recently issued reports on the stock. Argus reiterated 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 lowered their price objective for the company from $8.00 to $4.00 in a report on Friday, May 27th. Finally, Zacks Investment Research downgraded shares of Tidewater from a “buy” rating to a “hold” rating in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $12.00.

The company’s market capitalization is $241.45 million. The company has a 50-day moving average price of $4.81 and a 200-day moving average price of $6.09.

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

An institutional investor recently raised its position in Tidewater stock. New York State Common Retirement Fund raised its position in Tidewater Inc. (NYSE:TDW) by 27.1% during the fourth quarter, according to its most recent 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 approximately 0.48% of Tidewater worth $1,580,000 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.