10,030 Shares in Tidewater Inc. $TDW Acquired by Kendall Capital Management

Kendall Capital Management acquired a new position in shares of Tidewater Inc. (NYSE:TDW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,030 shares of the oil and gas company’s stock, valued at approximately $507,000.

Other hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in shares of Tidewater by 401.0% during the third quarter. Hantz Financial Services Inc. now owns 516 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 413 shares during the last quarter. Blume Capital Management Inc. boosted its holdings in Tidewater by 128.3% in the third quarter. Blume Capital Management Inc. now owns 525 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 295 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Tidewater by 701.6% in the second quarter. EverSource Wealth Advisors LLC now owns 994 shares of the oil and gas company’s stock valued at $46,000 after acquiring an additional 870 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Tidewater in the second quarter worth about $47,000. Finally, Wexford Capital LP acquired a new stake in Tidewater in the third quarter worth about $56,000. 95.13% of the stock is currently owned by institutional investors.

Tidewater Trading Down 0.0%

NYSE:TDW opened at $84.38 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.78 and a debt-to-equity ratio of 0.48. Tidewater Inc. has a 1-year low of $31.17 and a 1-year high of $88.99. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.63 and a beta of 0.56. The business’s 50-day moving average price is $74.32 and its two-hundred day moving average price is $60.92.

Tidewater (NYSE:TDW) last posted its earnings results on Monday, March 2nd. The oil and gas company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $3.64. The company had revenue of $336.80 million during the quarter, compared to analyst estimates of $329.39 million. Tidewater had a return on equity of 12.34% and a net margin of 24.74%.The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. On average, equities analysts expect that Tidewater Inc. will post 3.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on TDW shares. Dawson James restated an “outperform” rating on shares of Tidewater in a research report on Tuesday, March 3rd. Raymond James Financial set a $117.00 price target on shares of Tidewater in a research report on Tuesday, March 3rd. Zacks Research raised shares of Tidewater from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Barclays initiated coverage on shares of Tidewater in a report on Wednesday. They issued an “equal weight” rating and a $80.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.33.

Insider Buying and Selling

In other Tidewater news, EVP Daniel A. Hudson sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $77.50, for a total value of $1,162,500.00. Following the completion of the sale, the executive vice president owned 50,986 shares of the company’s stock, valued at approximately $3,951,415. This represents a 22.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Samuel R. Rubio sold 22,461 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $80.05, for a total transaction of $1,798,003.05. Following the completion of the sale, the executive vice president owned 60,066 shares in the company, valued at approximately $4,808,283.30. This trade represents a 27.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 52,656 shares of company stock valued at $4,079,112. Corporate insiders own 6.60% of the company’s stock.

About Tidewater

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.