TIDEWATER INC (TDW) Sees Large Volume Increase

TIDEWATER INC (NYSE:TDW) shares saw an uptick in trading volume on Friday . 1,827,389 shares traded hands during trading, an increase of 1,481% from the previous session’s volume of 115,597 shares.The stock last traded at $29.23 and had previously closed at $29.12.

Several brokerages recently commented on TDW. Clarkson Capital upgraded shares of TIDEWATER INC from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 15th. BidaskClub lowered shares of TIDEWATER INC from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Finally, Zacks Investment Research lowered shares of TIDEWATER INC from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $1.00.

The firm’s market cap is $1.38 billion. The company’s 50-day moving average price is $25.72 and its 200-day moving average price is $27.83.

Several institutional investors have recently bought and sold shares of TDW. Deltec Asset Management LLC bought a new position in shares of TIDEWATER INC in the 2nd quarter worth about $114,000. Public Employees Retirement System of Ohio lifted its position in shares of TIDEWATER INC by 98.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 106,929 shares of the oil and gas company’s stock worth $123,000 after buying an additional 53,093 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of TIDEWATER INC by 502.8% in the 1st quarter. JPMorgan Chase & Co. now owns 115,513 shares of the oil and gas company’s stock worth $133,000 after buying an additional 96,350 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of TIDEWATER INC by 339.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 135,629 shares of the oil and gas company’s stock worth $156,000 after buying an additional 104,759 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of TIDEWATER INC in the 2nd quarter worth about $188,000.

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About TIDEWATER INC

Tidewater Inc provides offshore service vessels and marine support services. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa and Sub-Saharan Africa/Europe. Its Americas segment includes the activities of the Company’s North American operations, which include operations in the United States Gulf of Mexico (GOM), and the United States and Canadian coastal waters of the Pacific and Atlantic oceans, as well as operations of offshore Mexico, Trinidad and Brazil.

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