Tidewater Inc (NYSE:TDW), a leading provider of offshore service vessels to the global energy industry, has seen a recent insider transaction according to the latest SEC filings. Daniel Hudson, the company's Executive Vice President & General Counsel, sold 8,000 shares of Tidewater Inc on March 5, 2024. The transaction was reported in an SEC Filing on the same day.
Daniel Hudson has been active in the market over the past year, selling a total of 8,000 shares and making no purchases of the company's stock during that period.
The insider transaction history for Tidewater Inc shows a mix of buying and selling activities from insiders. Over the past year, there have been 7 insider buys and 5 insider sells.
On the valuation front, Tidewater Inc's shares were trading at $82 on the day of the insider's recent sale, giving the company a market capitalization of $4.165 billion. The price-earnings ratio stands at 43.31, which is above the industry median of 10.21 but below the company's historical median price-earnings ratio.
The stock's current price of $82 compared to the GuruFocus Value of $21.33 indicates a price-to-GF-Value ratio of 3.84, suggesting that Tidewater Inc is Significantly Overvalued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
