Tidewater Inc. (NYSE: TDW) stock jumped 2.06% on Wednesday to $49.00 against a previous-day closing price of $48.01. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.73 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $49.68 whereas the lowest price it dropped to was $47.35. The 52-week range on TDW shows that it touched its highest point at $51.88 and its lowest point at $17.51 during that stretch. It currently has a 1-year price target of $53.00. Beta for the stock currently stands at 1.37.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TDW was up-trending over the past week, with a rise of 9.69%, but this was up by 12.00% over a month. Three-month performance surged to 12.93% while six-month performance rose 64.15%. The stock gained 89.56% in the past year, while it has gained 32.97% so far this year. A look at the trailing 12-month EPS for TDW yields -0.08 with Next year EPS estimates of 5.29. For the next quarter, that number is 0.60. This implies an EPS growth rate of 84.30% for this year and 149.53% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 63.60%.
Float and Shares Shorts:
At present, 50.60 million TDW shares are outstanding with a float of 49.77 million shares on hand for trading. On Apr 27, 2023, short shares totaled 2.94 million, which was 5.78% higher than short shares on Mar 30, 2023. In addition to Mr. Quintin V. Kneen as the firm’s Pres, CEO & Director, Mr. Samuel R. Rubio serves as its Exec. VP & CFO.
Institutional Ownership:
Through their ownership of 91.36% of TDW’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.19% of TDW, in contrast to 33.38% held by mutual funds. Shares owned by individuals account for 15.14%. As the largest shareholder in TDW with 13.66% of the stake, T. Rowe Price Associates, Inc. holds 6,905,716 shares worth 6,905,716. A second-largest stockholder of TDW, Neuberger Berman Investment Advis, holds 3,064,214 shares, controlling over 6.06% of the firm’s shares. Robotti & Co. Advisors LLC is the third largest shareholder in TDW, holding 3,063,904 shares or 6.06% stake. With a 8.18% stake in TDW, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 4,138,536 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.80% of TDW stock, is the second-largest Mutual Fund holder. It holds 1,414,844 shares valued at 63.71 million. FFI Strategies Portfolio holds 2.37% of the stake in TDW, owning 1,198,143 shares worth 53.95 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TDW analysts setting a high price target of $56.00 and a low target of $50.00, the average target price over the next 12 months is $53.00. Based on these targets, TDW could surge 14.29% to reach the target high and rise by 2.04% to reach the target low. Reaching the average price target will result in a growth of 8.16% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded TDW stock several times over the past three months with 9 Buys and 8 Sells. In these transactions, 125,898 shares were bought while 59,895 shares were sold. The number of buy transactions has increased to 36 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 1,115,750 while 60,043 shares were sold.
