Tidewater Inc. (NYSE:TDW) shares fell 4.2% during mid-day trading on Monday . The stock traded as low as $4.04 and last traded at $4.09, with a volume of 838,901 shares. The stock had previously closed at $4.27.

A number of research firms have recently weighed in on TDW. Argus restated a “hold” rating on shares of Tidewater in a report on Friday, July 8th. Iberia Capital lowered Tidewater from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $8.00 to $4.00 in a report on Friday, May 27th. Finally, Zacks Investment Research lowered 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 assigned a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.00.

The stock’s market capitalization is $190.15 million. The stock has a 50 day moving average price of $4.63 and a 200-day moving average price of $6.01.

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

An institutional investor recently raised its position 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 Form 13F filing with the SEC. The institutional investor 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 reporting period.

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.