Tidewater (NYSE:TDW) Research Coverage Started at Johnson Rice

Johnson Rice assumed coverage on shares of Tidewater (NYSE:TDWFree Report) in a report published on Friday morning, MarketBeat reports. The brokerage issued a buy rating and a $88.00 target price on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the company. Pickering Energy Partners began coverage on Tidewater in a report on Tuesday, January 30th. They issued an outperform rating for the company. StockNews.com downgraded Tidewater from a hold rating to a sell rating in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Tidewater currently has an average rating of Moderate Buy and a consensus target price of $88.50.

Get Our Latest Research Report on TDW

Tidewater Price Performance

Shares of NYSE TDW opened at $68.69 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.65. The stock has a fifty day moving average price of $67.38 and a 200 day moving average price of $65.67. Tidewater has a 1-year low of $37.76 and a 1-year high of $77.53. The company has a market cap of $3.63 billion, a PE ratio of 51.65 and a beta of 1.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in Tidewater by 0.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,099,470 shares of the oil and gas company’s stock worth $298,466,000 after purchasing an additional 20,599 shares in the last quarter. Vanguard Group Inc. increased its position in Tidewater by 37.9% during the 3rd quarter. Vanguard Group Inc. now owns 3,798,600 shares of the oil and gas company’s stock worth $269,967,000 after purchasing an additional 1,043,804 shares in the last quarter. BlackRock Inc. increased its position in Tidewater by 8.4% during the 3rd quarter. BlackRock Inc. now owns 2,967,847 shares of the oil and gas company’s stock worth $64,403,000 after purchasing an additional 230,701 shares in the last quarter. Boston Partners grew its holdings in Tidewater by 32,536.3% in the 4th quarter. Boston Partners now owns 2,080,236 shares of the oil and gas company’s stock valued at $149,928,000 after buying an additional 2,073,862 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Tidewater by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,874,393 shares of the oil and gas company’s stock valued at $103,905,000 after buying an additional 50,729 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

About Tidewater

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Tidewater Inc, together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore crude oil and natural gas exploration, field development, and production, as well as windfarm development and maintenance, including towing of and anchor handling for mobile offshore drilling units; transporting supplies and personnel necessary to sustain drilling, workover, and production activities; offshore construction, and seismic and subsea support; geotechnical survey support for windfarm construction; and various specialized services, such as pipe and cable laying.

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Analyst Recommendations for Tidewater (NYSE:TDW)

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