Louis Raspino Purchases Shares in Tidewater Inc.
Insider Louis Raspino acquired 1,760 shares of Tidewater Inc. on June 16, 2026.
Key Points
- Louis Raspino bought 1,760 shares of Tidewater Inc. on June 16, 2026, with the stock trading at $67.71.
- Tidewater Inc., with a market cap of $3.37 billion, has a P/E ratio of 11.42 and a 52-week range of $44.11 to $93.13.
- The company's next earnings report is expected on August 3, 2026, with analysts holding a 'hold' consensus and a target mean price of $86.57.
Louis Raspino, an insider, recently bought 1,760 shares of Tidewater Inc. on June 16, 2026. This transaction took place with the stock priced at $67.71 per share. The purchase did not follow a pre-arranged trading plan, indicating a spontaneous decision by Raspino.
Tidewater Inc. Stock Snapshot
Shares of NYSE:TDW traded near $67.71. Tidewater Inc. has a market cap of about $3.37 billion and a P/E ratio of 11.42. The stock has seen a 52-week low of $44.11 and a high of $93.13. Its 50-day moving average is $81.03, while the 200-day moving average is $66.08. The company's beta is 0.511, suggesting lower volatility compared to the market. Tidewater maintains a strong liquidity position with a current ratio of 3.33 and a quick ratio of 3.16, alongside a debt-to-equity ratio of 45.45.
Recent Earnings
Tidewater reported revenue of approximately $1.35 billion, though experiencing a slight revenue decline of 0.43%. The company achieved a net margin of 22.16% and a return on equity of 24.01%. Investors are looking forward to the next earnings report scheduled for August 3, 2026.
About Tidewater Inc.
Tidewater Inc., headquartered in Houston, Texas, provides offshore support vessels and marine services to the energy industry. The company operates globally, offering services in offshore oil and gas exploration, field development, and maintenance. Their fleet includes various specialized vessels, serving a range of clients from large oil companies to smaller independent operators. Under the leadership of CEO Mr. Quintin V. Kneen, Tidewater employs around 7,300 people.
Bottom Line
The recent share purchase by Louis Raspino adds a layer of interest to Tidewater Inc.'s stock activity. Investors often watch insider transactions closely as they can signal confidence in the company's future. It's important to note that this information reflects the insider's actions as of June 16, 2026, and may not represent current holdings. Tidewater's upcoming earnings report on August 3, 2026, will be another key event for stakeholders.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.