Neo Ivy Capital Management Purchases New Position in Tidewater Inc. $TDW

Neo Ivy Capital Management purchased a new position in Tidewater Inc. (NYSE:TDW) in the 2nd quarter, Holdings Channel reports. The firm purchased 63,081 shares of the oil and gas company’s stock, valued at approximately $2,910,000. Tidewater accounts for about 0.9% of Neo Ivy Capital Management’s portfolio, making the stock its 15th largest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in Tidewater by 69.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,904,826 shares of the oil and gas company’s stock worth $165,058,000 after buying an additional 1,598,513 shares in the last quarter. Boston Partners boosted its holdings in shares of Tidewater by 1,118.5% during the 2nd quarter. Boston Partners now owns 283,676 shares of the oil and gas company’s stock valued at $14,089,000 after acquiring an additional 260,395 shares during the last quarter. Robotti Robert boosted its holdings in shares of Tidewater by 8.5% during the 1st quarter. Robotti Robert now owns 2,856,631 shares of the oil and gas company’s stock valued at $120,750,000 after acquiring an additional 223,651 shares during the last quarter. Third Avenue Management LLC grew its stake in shares of Tidewater by 37.6% in the first quarter. Third Avenue Management LLC now owns 809,258 shares of the oil and gas company’s stock worth $34,207,000 after acquiring an additional 221,079 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Tidewater by 271.7% during the first quarter. Raymond James Financial Inc. now owns 295,337 shares of the oil and gas company’s stock valued at $12,484,000 after purchasing an additional 215,891 shares during the last quarter. 95.13% of the stock is owned by institutional investors.

Tidewater Trading Down 6.4%

Shares of TDW stock opened at $52.38 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.11 and a quick ratio of 2.04. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 13.57 and a beta of 1.00. Tidewater Inc. has a 1 year low of $31.17 and a 1 year high of $64.07. The firm has a fifty day moving average price of $53.18 and a 200-day moving average price of $50.79.

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

Tidewater declared that its board has authorized a share buyback program on Monday, August 4th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the oil and gas company to repurchase up to 21.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Dnb Nor Markets cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Evercore ISI lowered their price target on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a report on Wednesday, November 12th. Zacks Research lowered Tidewater from a “hold” rating to a “strong sell” rating in a report on Thursday, November 13th. Fearnley Fonds raised Tidewater to a “hold” rating in a report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Tidewater in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Tidewater presently has a consensus rating of “Hold” and a consensus price target of $68.33.

Tidewater Profile

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.