Tidewater
About: Tidewater Inc provides offshore service vessels and marine support services to the offshore energy industry through the operation of a diversified fleet of marine service vessels. The company's vessels and associated vessel services provide support for all phases of offshore exploration, field development, and production. These services include towing of, and anchor handling for, mobile offshore drilling units; transporting supplies and remotely operated vehicle operations, and a variety of specialized services. The company operates in the following principal geographical areas the Americas, Asia Pacific, Middle East, Europe/Mediterranean, and West Africa. The majority of its revenue is derived from West Africa.
Employees: 7,300
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
76% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 42
11% more funds holding
Funds holding: 279 [Q1] → 311 (+32) [Q2]
7% more capital invested
Capital invested by funds: $4.72B [Q1] → $5.04B (+$314M) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 102 | Existing positions reduced: 95
0% less call options, than puts
Call options by funds: $82M | Put options by funds: $82M
9.04% less ownership
Funds ownership: 109.35% [Q1] → 100.31% (-9.04%) [Q2]
24% less funds holding in top 10
Funds holding in top 10: 17 [Q1] → 13 (-4) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Raymond James James Rollyson 15% 1-year accuracy 2 / 13 met price target | 116%upside $138 | Strong Buy Maintained | 8 Aug 2024 |