<div id="readability-page-1"><p>River Road Asset Management LLC raised its holdings in  Tidewater Inc. (NYSE:TDW - Free Report) by 86.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 101,780 shares of the oil and gas company's stock after buying an additional 47,049 shares during the quarter. River Road Asset Management LLC owned 0.21% of Tidewater worth $5,090,000 as of its most recent SEC filing.</p><ul><li>Oil’s Rally Could Boost These 3 Shipping Stocks</li></ul><p>A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of  Tidewater by 69.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,904,826 shares of the oil and gas company's stock valued at $165,058,000 after acquiring an additional 1,598,513 shares in the last quarter.  American Century Companies Inc. lifted its stake in  Tidewater by 291.8% during the second quarter. American Century Companies Inc. now owns 556,481 shares of the oil and gas company's stock worth $25,670,000 after purchasing an additional 414,454 shares during the period.  Boston Partners boosted its holdings in  Tidewater by 1,118.5% during the second quarter. Boston Partners now owns 283,676 shares of the oil and gas company's stock valued at $14,089,000 after purchasing an additional 260,395 shares in the last quarter.  Robotti Robert grew its stake in shares of  Tidewater by 8.5% in the 1st quarter. Robotti Robert now owns 2,856,631 shares of the oil and gas company's stock valued at $120,750,000 after purchasing an additional 223,651 shares during the period.  Finally, Third Avenue Management LLC raised its holdings in shares of  Tidewater by 37.6% in the 1st quarter. Third Avenue Management LLC now owns 809,258 shares of the oil and gas company's stock worth $34,207,000 after buying an additional 221,079 shares in the last quarter. 95.13% of the stock is owned by institutional investors. </p><h2>Tidewater Stock Up 1.6%</h2><p>Shares of NYSE TDW opened at $54.88 on Tuesday. Tidewater Inc. has a 12-month low of $31.17 and a 12-month high of $64.07. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.47. The firm's 50-day simple moving average is $52.64 and its 200 day simple moving average is $51.53. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 14.22 and a beta of 1.00. </p><ul><li>3 Dependable Stocks Ready to Dominate Your Portfolio</li></ul><p>Tidewater (NYSE:TDW - Get Free Report) last posted its quarterly earnings data on Tuesday, November 11th. The oil and gas company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.48). The firm had revenue of $341.11 million for the quarter, compared to analyst estimates of $328.84 million. Tidewater had a return on equity of 16.74% and a net margin of 14.62%.The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS.  On average, research analysts expect that  Tidewater Inc. will post 3.25 earnings per share for the current fiscal year. </p><p>Tidewater declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 4th that allows the company to repurchase $500.00 million in  outstanding  shares. This repurchase authorization allows the oil and gas company to buy up to 21.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its shares are undervalued. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Watch for Tech Giants to Boost Share Buybacks in 2024</li></ul><p>Several analysts recently commented on the company. Weiss Ratings  reaffirmed a &#34;hold (c-)&#34; rating on shares of Tidewater in a research note on Monday, November 24th. Zacks Research downgraded shares of Tidewater from a &#34;hold&#34; rating to a &#34;strong sell&#34; rating in a research note on Thursday, November 13th. Fearnley Fonds raised shares of Tidewater to a &#34;hold&#34; rating in a report on Tuesday, September 16th. Dnb Nor Markets downgraded shares of Tidewater from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Monday, October 20th. Finally, Evercore ISI reduced their price target on shares of Tidewater from $67.00 to $65.00 and set an &#34;in-line&#34; rating on the stock in a research report on Wednesday, November 12th. One investment analyst  has rated the stock with a Buy rating, six have assigned  a Hold rating and one  has assigned  a Sell rating to the company. According to data from MarketBeat, Tidewater  has a consensus rating of &#34;Hold&#34; and a consensus price target of $67.50.</p><p><b>Get Our Latest Report on Tidewater</b></p><h2>About Tidewater</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Tidewater</li><li>The Basics of Support and  Resistance</li><li>Up Over 20% in 2025, These 3 Stocks Are Boosting Buyback Capacity</li><li>Health Care Stocks Explained: Why You Might Want to Invest</li><li>Congress Beat the Market Again—Here Are the 3 Stocks They Bought</li><li>Best Stocks Under $10.00 </li><li>Go on a Shopping Spree With 3 Top Retail ETFs</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVREVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVREVw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Tidewater Right Now?</h2><p>Before you consider Tidewater, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tidewater wasn't on the list.</p><p>While Tidewater currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>River Road Asset Management LLC increased its holdings in Tidewater Inc. by 86% in Q2, owning 101,780 shares valued at $5.09 million. Tidewater's stock is largely held by institutional investors, with recent analyst ratings varying from hold to strong sell. The company reported a Q3 EPS of ($0.02), missing estimates, and initiated a $500 million stock repurchase plan, indicating management's belief in undervaluation.</p>

River Road Asset Management LLC Purchases 47,049 Shares of Tidewater Inc. $TDW