Tidewater Inc. (NYSE: TDW) has a higher price-to-earnings ratio of 40.97x compared to its average ratio. TDW has 36-month beta value of 1.22. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for TDW is 49.40M, and currently, short sellers hold a 10.06% ratio of that float. The average trading volume of TDW on May 27, 2024 was 841.55K shares.
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TDW) stock’s latest price update
Tidewater Inc. (NYSE: TDW)’s stock price has soared by 0.72 in relation to previous closing price of 102.07. Nevertheless, the company has seen a loss of -2.56% in its stock price over the last five trading days. https://www.defenseworld.net reported 2024-05-20 that Amalgamated Bank reduced its stake in Tidewater Inc. (NYSE:TDW – Free Report) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,658 shares of the oil and gas company’s stock after selling 617 shares during the period. Amalgamated Bank’s holdings in Tidewater were worth $480,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust acquired a new position in shares of Tidewater in the 4th quarter valued at $33,000. Xponance Inc. purchased a new position in shares of Tidewater during the fourth quarter worth about $204,000. Evergreen Capital Management LLC acquired a new stake in shares of Tidewater during the third quarter worth about $219,000. O Brien Greene & Co. Inc purchased a new stake in shares of Tidewater in the 3rd quarter valued at about $227,000. Finally, Precision Wealth Strategies LLC boosted its position in shares of Tidewater by 8.5% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,376 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 264 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock. Tidewater Stock Performance Shares of TDW opened at $105.50 on Monday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 42.03 and a beta of 1.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.74 and a current ratio of 1.81. Tidewater Inc. has a 1 year low of $42.62 and a 1 year high of $111.42. The company’s fifty day moving average is $95.33 and its two-hundred day moving average is $76.88. Tidewater (NYSE:TDW – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The oil and gas company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.40. The business had revenue of $321.20 million for the quarter, compared to analyst estimates of $312.05 million. Tidewater had a net margin of 11.73% and a return on equity of 16.24%. The business’s revenue was up 66.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 earnings per share. On average, sell-side analysts predict that Tidewater Inc. will post 4.68 earnings per share for the current year. Tidewater declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 29th that permits the company to buyback $48.60 million in shares. This buyback authorization permits the oil and gas company to purchase up to 1.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued. Wall Street Analyst Weigh In Several research analysts have commented on the company. Johnson Rice initiated coverage on Tidewater in a research report on Friday, February 9th. They set a “buy” rating and a $88.00 price target on the stock. StockNews.com upgraded shares of Tidewater from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. BTIG Research raised their price objective on shares of Tidewater from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Evercore ISI upped their target price on shares of Tidewater from $87.00 to $89.00 and gave the company an “outperform” rating in a report on Monday, March 4th. Finally, Pickering Energy Partners assumed coverage on shares of Tidewater in a research note on Tuesday, January 30th. They set an “outperform” rating for the company. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $98.00. Check Out Our Latest Stock Report on Tidewater Insiders Place Their Bets In related news, CEO Quintin Kneen sold 150,000 shares of Tidewater stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $109.01, for a total value of $16,351,500.00. Following the sale, the chief executive officer now directly owns 501,718 shares in the company, valued at $54,692,279.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Quintin Kneen sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $109.01, for a total value of $16,351,500.00. Following the completion of the sale, the chief executive officer now owns 501,718 shares in the company, valued at $54,692,279.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David E. Darling sold 17,821 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $82.08, for a total transaction of $1,462,747.68. Following the transaction, the chief operating officer now owns 85,959 shares in the company, valued at $7,055,514.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 494,972 shares of company stock worth $52,230,772. Company insiders own 9.59% of the company’s stock. Tidewater Profile (Free Report) 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 oil and 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.
TDW’s Market Performance
Tidewater Inc. (TDW) has experienced a -2.56% fall in stock performance for the past week, with a 10.28% rise in the past month, and a 39.14% rise in the past quarter. The volatility ratio for the week is 3.24%, and the volatility levels for the past 30 days are at 3.63% for TDW. The simple moving average for the last 20 days is -0.17% for TDW’s stock, with a simple moving average of 37.90% for the last 200 days.
Analysts’ Opinion of TDW
Many brokerage firms have already submitted their reports for TDW stocks, with Johnson Rice repeating the rating for TDW by listing it as a “Buy.” The predicted price for TDW in the upcoming period, according to Johnson Rice is $88 based on the research report published on February 09, 2024 of the current year 2024.
Raymond James gave a rating of “Strong Buy” to TDW, setting the target price at $85 in the report published on July 14th of the previous year.
TDW Trading at 6.13% from the 50-Day Moving Average
After a stumble in the market that brought TDW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.74% of loss for the given period.
Volatility was left at 3.63%, however, over the last 30 days, the volatility rate increased by 3.24%, as shares surge +7.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.53% upper at present.
During the last 5 trading sessions, TDW fell by -2.56%, which changed the moving average for the period of 200-days by +59.45% in comparison to the 20-day moving average, which settled at $103.33. In addition, Tidewater Inc. saw 42.56% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TDW starting from Anderson Darron M., who sale 1,000 shares at the price of $103.89 back on May 24 ’24. After this action, Anderson Darron M. now owns 40,447 shares of Tidewater Inc., valued at $103,888 using the latest closing price.
Anderson Darron M., the Director of Tidewater Inc., sale 1,750 shares at $102.11 during a trade that took place back on May 22 ’24, which means that Anderson Darron M. is holding 41,447 shares at $178,684 based on the most recent closing price.
Stock Fundamentals for TDW
Current profitability levels for the company are sitting at:
- 0.2 for the present operating margin
- 0.28 for the gross margin
The net margin for Tidewater Inc. stands at 0.12. The total capital return value is set at 0.13. Equity return is now at value 13.83, with 7.84 for asset returns.
Based on Tidewater Inc. (TDW), the company’s capital structure generated 0.41 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 3.51.
Currently, EBITDA for the company is 354.94 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 5.15. The receivables turnover for the company is 3.98for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.
Conclusion
To put it simply, Tidewater Inc. (TDW) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
