Tidewater (NYSE:TDW) Stock Price Down 5.7% After Analyst Downgrade

Tidewater Inc. (NYSE:TDW) shares dropped 5.7% during trading on Wednesday after Evercore ISI lowered their price target on the stock from $67.00 to $65.00. Evercore ISI currently has an in-line rating on the stock. Tidewater traded as low as $56.51 and last traded at $55.5350. Approximately 163,453 shares were traded during trading, a decline of 83% from the average daily volume of 984,038 shares. The stock had previously closed at $58.92.

TDW has been the topic of a number of other reports. Fearnley Fonds upgraded shares of Tidewater to a “hold” rating in a report on Tuesday, September 16th. Zacks Research downgraded Tidewater from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Dnb Nor Markets lowered Tidewater from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Tidewater in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.33.

Institutional Trading of Tidewater

Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in Tidewater by 69.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,904,826 shares of the oil and gas company’s stock valued at $165,058,000 after buying an additional 1,598,513 shares in the last quarter. Robotti Robert boosted its holdings in shares of Tidewater by 3.3% in the second quarter. Robotti Robert now owns 2,951,533 shares of the oil and gas company’s stock valued at $136,154,000 after purchasing an additional 94,902 shares during the period. Third Avenue Management LLC grew its stake in Tidewater by 8.1% in the second quarter. Third Avenue Management LLC now owns 875,157 shares of the oil and gas company’s stock worth $40,371,000 after purchasing an additional 65,899 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Tidewater by 14.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 744,237 shares of the oil and gas company’s stock worth $34,332,000 after purchasing an additional 92,884 shares during the period. Finally, Federated Hermes Inc. purchased a new position in Tidewater during the 2nd quarter worth $28,199,000. 95.13% of the stock is owned by hedge funds and other institutional investors.

Tidewater Trading Down 4.9%

The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47. The stock has a 50-day simple moving average of $53.49 and a two-hundred day simple moving average of $50.05. The firm has a market capitalization of $2.77 billion, a P/E ratio of 14.45 and a beta of 1.00.

Tidewater (NYSE:TDW) last released its quarterly earnings data on Monday, November 10th. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.48). Tidewater had a net margin of 14.62% and a return on equity of 16.74%. The firm had revenue of $341.11 million during the quarter, compared to the consensus estimate of $328.84 million. During the same quarter in the previous year, the firm earned $0.87 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. Tidewater has set its FY 2026 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts anticipate that Tidewater Inc. will post 3.25 earnings per share for the current year.

Tidewater declared that its Board of Directors has approved a share repurchase program on Monday, August 4th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the oil and gas company to reacquire up to 21.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.

About Tidewater

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.