A Guide To The Risks Of Investing In Tidewater Inc. (TDW)


In a filing, Tidewater Inc. revealed its Director ROBOTTI ROBERT acquired Company’s shares for reported $0.64 million on Nov 28. In the deal valued at $29.67 per share,21,488 shares were bought. As a result of this transaction, ROBOTTI ROBERT now holds 3,036,296 shares worth roughly $ 133.02 million.

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Then, ROBOTTI ROBERT bought 25,300 shares, generating $767,688 in total proceeds. Upon buying the shares at $30.34, the Director now owns 3,014,808 shares.

Before that, ROBOTTI ROBERT bought 19,713 shares. Tidewater Inc. shares valued at $593,296 were divested by the Director at a price of $30.10 per share. As a result of the transaction, ROBOTTI ROBERT now holds 2,989,508 shares, worth roughly $130.97 million.

PT values the company’s stock at a premium of -4.31 to its Friday closing price. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early March from “an Outperform” to “an In-line”. CapitalOne also remained covering TDW and has increased its forecast on July 24, 2018 with a “an Overweight” recommendation from previously “an Equal weight” rating. Argus revised its rating on October 25, 2016. It rated TDW as “a Sell” which previously was an “a Hold”.

Price Performance Review of TDW

On Friday, Tidewater Inc. [NYSE:TDW] saw its stock jump 0.97% to $43.81. On the same session, the stock had its day’s lowest price of $42.155, but rose to a high of $44.15. Over the last five days, the stock has lost -2.77%. Tidewater Inc. shares have risen nearly 18.89% since the year began. Nevertheless, the stocks have risen 191.87% over the past one year. While a 52-week high of $47.12 was reached on 02/16/23, a 52-week low of $13.80 was recorded on 01/04/23. SMA at 50 days reached $39.66, while 200 days put it at $28.50. A total of 0.91 million shares were traded, compared to the trading of 1.46 million shares in the previous session.

Levels Of Support And Resistance For TDW Stock

The 24-hour chart illustrates a support level at 42.59, which if violated will result in even more drops to 41.38. On the upside, there is a resistance level at 44.59. A further resistance level may holdings at 45.37. The Relative Strength Index (RSI) on the 14-day chart is 54.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.04%. Stochastics %K at 32.32% indicates the stock is a holding.

How much short interest is there in Tidewater Inc.?

A steep rise in short interest was recorded in Tidewater Inc. stocks on Jan 12, 2023, growing by 50000.0 shares to a total of 1.96 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 1.91 million shares. There was a rise of 2.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.6.

Tidewater Inc. [TDW] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 8,099,470 shares, or roughly 17.42% of the outstanding TDW shares. In other words, the investor’s shares have risen by 20,599 from its previous 13-F filing of 8078871.0. Additionally, Robotti & Co. Advisors LLC decreased -17.94% of its stake after which the total value it holdings stand at $131,790,393, while BlackRock Fund Advisors added 24.65% of its stake to hold $129.1 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 291,940 shares of Tidewater Inc., while Third Avenue Management LLC bought -286,932 shares. At present, Encompass Capital Advisors LLC is holding 1,728,345 shares valued at $75.01 million. Dimensional Fund Advisors LP owned 1,560,485 shares of the company at the time of its most recent 13F filing, worth $67.73 million.

According to FactSet, Tidewater Inc.’s share price will average $47.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.32 percent from its previous closing price of $43.39. Analysts expect Tidewater Inc. stock to reach the higher price of $52.00, while the lowest price estimate is $42.00. However, 3 analysts have rated TDW stock as a Buy in their predictions for 2023. The most recent change occurred on August 10, 2016 when Credit Suisse resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $1.


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