Tidewater Inc. (NYSE:TDW) Director Robert P. Tamburrino acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $14.00 per share, for a total transaction of $70,000.00. Following the acquisition, the director now directly owns 20,626 shares in the company, valued at approximately $288,764. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Shares of NYSE:TDW remained flat at $$13.89 on Friday. The company’s stock had a trading volume of 182,274 shares, compared to its average volume of 195,617. The firm’s 50-day moving average price is $15.60 and its 200-day moving average price is $19.30. Tidewater Inc. has a 1 year low of $13.52 and a 1 year high of $26.57. The stock has a market cap of $541.39 million, a P/E ratio of -2.15 and a beta of 1.60. The company has a quick ratio of 4.15, a current ratio of 4.03 and a debt-to-equity ratio of 0.39.
Tidewater (NYSE:TDW) last released its quarterly earnings results on Monday, November 11th. The oil and gas company reported ($0.98) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.27). Tidewater had a negative net margin of 36.07% and a negative return on equity of 14.51%. The business had revenue of $119.80 million during the quarter, compared to analysts’ expectations of $122.87 million. During the same period in the previous year, the business earned ($0.41) EPS. The business’s revenue was up 20.8% on a year-over-year basis. Sell-side analysts anticipate that Tidewater Inc. will post -1.54 earnings per share for the current year.
TDW has been the topic of a number of recent research reports. ValuEngine raised Tidewater from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Zacks Investment Research raised Tidewater from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Thursday, November 7th. Finally, TheStreet cut Tidewater from a “c-” rating to a “d+” rating in a report on Friday, October 18th.
Tidewater Inc provides offshore marine support and transportation services to the offshore energy industry through the operation of a fleet of marine service vessels worldwide. It provides services in support of offshore exploration, field development, and production, 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; and various specialized services, such as pipe and cable laying.
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