Captrust Financial Advisors Takes Position in Tidewater Inc. (NYSE:TDW)

Captrust Financial Advisors purchased a new position in shares of Tidewater Inc. (NYSE:TDW) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,265 shares of the oil and gas company’s stock, valued at approximately $378,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Tidewater during the second quarter worth approximately $27,000. Hollencrest Capital Management acquired a new position in Tidewater during the 2nd quarter worth $30,000. GAMMA Investing LLC boosted its position in Tidewater by 163.5% in the 3rd quarter. GAMMA Investing LLC now owns 701 shares of the oil and gas company’s stock valued at $50,000 after buying an additional 435 shares during the last quarter. Northwest & Ethical Investments L.P. acquired a new stake in shares of Tidewater in the 3rd quarter valued at $65,000. Finally, Headlands Technologies LLC raised its position in shares of Tidewater by 6,322.2% during the second quarter. Headlands Technologies LLC now owns 1,156 shares of the oil and gas company’s stock worth $110,000 after acquiring an additional 1,138 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. StockNews.com raised Tidewater from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. DNB Markets assumed coverage on shares of Tidewater in a research note on Friday, November 29th. They set a “buy” rating and a $70.00 price target for the company. Finally, Raymond James cut shares of Tidewater from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $131.00 to $102.00 in a research note on Monday, November 11th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tidewater presently has a consensus rating of “Moderate Buy” and an average target price of $95.80.

Tidewater Stock Performance

Shares of NYSE:TDW opened at $47.64 on Friday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 14.01 and a beta of 1.10. The firm’s 50 day simple moving average is $56.95 and its 200 day simple moving average is $78.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.29 and a quick ratio of 2.19. Tidewater Inc. has a fifty-two week low of $46.50 and a fifty-two week high of $111.42.

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.