Robert P. Tamburrino Buys 5,000 Shares of Tidewater Inc. (NYSE:TDW) Stock

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.

Several large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System raised its holdings in shares of Tidewater by 406.7% in the 3rd quarter. California Public Employees Retirement System now owns 75,077 shares of the oil and gas company’s stock valued at $1,134,000 after acquiring an additional 60,259 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Tidewater by 8.8% in the 3rd quarter. Rhumbline Advisers now owns 60,370 shares of the oil and gas company’s stock valued at $912,000 after acquiring an additional 4,903 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Tidewater by 75.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,208 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 953 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its holdings in shares of Tidewater by 2.4% in the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 213,530 shares of the oil and gas company’s stock valued at $3,226,000 after acquiring an additional 5,005 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new stake in shares of Tidewater in the 2nd quarter valued at about $871,000. 82.64% of the stock is currently owned by hedge funds and other institutional investors.

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.

About Tidewater

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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