Tejara Capital Ltd Makes New $1.05 Million Investment in Tidewater Inc. $TDW

Tejara Capital Ltd acquired a new stake in Tidewater Inc. (NYSE:TDW) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 19,600 shares of the oil and gas company’s stock, valued at approximately $1,045,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AlphaQuest LLC boosted its position in Tidewater by 99.1% during the third quarter. AlphaQuest LLC now owns 6,350 shares of the oil and gas company’s stock valued at $339,000 after purchasing an additional 3,160 shares during the last quarter. SummerHaven Investment Management LLC bought a new stake in shares of Tidewater during the 3rd quarter worth approximately $855,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Tidewater by 6.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,633 shares of the oil and gas company’s stock valued at $247,000 after buying an additional 292 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Tidewater by 1,576.0% in the third quarter. Mutual of America Capital Management LLC now owns 97,994 shares of the oil and gas company’s stock valued at $5,226,000 after buying an additional 92,147 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Tidewater during the third quarter worth $687,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analysts Set New Price Targets

TDW has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Tidewater in a research note on Monday, December 29th. Dnb Nor Markets cut shares of Tidewater from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Zacks Research upgraded Tidewater from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Evercore ISI dropped their price objective on Tidewater from $67.00 to $65.00 and set an “in-line” rating on the stock in a research note on Wednesday, November 12th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $67.50.

Tidewater Stock Up 0.2%

Tidewater stock opened at $62.60 on Friday. The company’s 50-day moving average price is $55.45 and its two-hundred day moving average price is $54.68. The company has a quick ratio of 2.79, a current ratio of 2.89 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.10 billion, a P/E ratio of 21.08 and a beta of 0.63. Tidewater Inc. has a twelve month low of $31.17 and a twelve month high of $64.88.

Tidewater (NYSE:TDW) last posted its earnings results on Tuesday, November 11th. The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.46 by ($0.48). The firm had revenue of $341.11 million during the quarter, compared to analyst estimates of $328.84 million. Tidewater had a net margin of 11.14% and a return on equity of 14.86%. Tidewater’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 EPS. As a group, analysts expect that Tidewater Inc. will post 3.25 EPS for the current year.

Tidewater Company Profile

Tidewater Inc is a leading global provider of offshore marine support vessels, serving the energy sector with a focus on the oil and gas industry. Headquartered in Houston, Texas, the company operates a diverse fleet of platform supply vessels (PSVs), anchor handling tug supply vessels (AHTSs), crew boats and other specialized vessels designed to support offshore drilling, production and construction activities.

The company’s fleet is equipped to handle a range of maritime services, including the transport of personnel, equipment and bulk materials; anchor handling and mooring operations; and subsea construction support.