EverSource Wealth Advisors LLC Has $58,000 Position in Tidewater Inc. (NYSE:TDW)

EverSource Wealth Advisors LLC boosted its holdings in shares of Tidewater Inc. (NYSE:TDW) by 45.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,065 shares of the oil and gas company’s stock after buying an additional 333 shares during the period. EverSource Wealth Advisors LLC’s holdings in Tidewater were worth $58,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TDW. Pacer Advisors Inc. raised its holdings in shares of Tidewater by 42,719.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,394,207 shares of the oil and gas company’s stock valued at $76,277,000 after buying an additional 1,390,951 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Tidewater by 173.4% in the third quarter. Cerity Partners LLC now owns 608,245 shares of the oil and gas company’s stock valued at $43,666,000 after buying an additional 385,779 shares during the last quarter. Villere ST Denis J & Co. LLC raised its holdings in shares of Tidewater by 35.1% in the fourth quarter. Villere ST Denis J & Co. LLC now owns 486,808 shares of the oil and gas company’s stock valued at $26,633,000 after buying an additional 126,441 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Tidewater by 17.5% in the fourth quarter. Van ECK Associates Corp now owns 836,253 shares of the oil and gas company’s stock valued at $45,752,000 after buying an additional 124,610 shares during the last quarter. Finally, Empire Life Investments Inc. raised its holdings in shares of Tidewater by 29.6% in the fourth quarter. Empire Life Investments Inc. now owns 380,890 shares of the oil and gas company’s stock valued at $20,838,000 after buying an additional 87,006 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Tidewater Stock Performance

Shares of NYSE:TDW opened at $42.29 on Thursday. The stock has a market capitalization of $2.18 billion, a P/E ratio of 12.44 and a beta of 1.06. Tidewater Inc. has a 1-year low of $38.65 and a 1-year high of $111.42. The company has a current ratio of 2.29, a quick ratio of 2.19 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $50.43 and a two-hundred day moving average price of $57.15.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TDW. Evercore ISI cut Tidewater from an “outperform” rating to an “in-line” rating and cut their price target for the company from $112.00 to $68.00 in a report on Wednesday, January 15th. DNB Markets began coverage on Tidewater in a report on Friday, November 29th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Pickering Energy Partners cut Tidewater from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $92.50.

Insiders Place Their Bets

In related news, Director Robert Robotti purchased 1,770 shares of the stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $40.95 per share, with a total value of $72,481.50. Following the purchase, the director now directly owns 2,183,670 shares in the company, valued at $89,421,286.50. The trade was a 0.08 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 8.33% of the company’s stock.

Tidewater Company 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.