Insider Activity Report: Tidewater (TDW)

Robert Robotti, a director at Tidewater (TDW) recently added 1,135 shares. The buy increased his holdings by less than 1 percent, and came to a total price of $64,763.

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  • The director has been the only active insider over the past year, with eight total buys and one sale. The sale totaled less than $4,500, but the total buys have added up to over $35 million.

    Overall, company insiders own about 1.4 percent of shares.

    The offshore oil services company has nearly tripled in the past year, amid strong energy prices and a demand for maintenance needs. Revenues are up 82 percent, and Tidewater even managed to make a profit in its most recent quarter.

    Action to take: Energy prices have been volatile over the past year. However, energy stocks have had strong profitability.

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  • That trend is likely to continue, which could bode well for Tidewater shares even after a big run. Investors should look to buy shares on a down day. At present, the stock does not pay a dividend.

    For traders, the October $65 calls, last going for about $4.90, could see mid-double-digit returns in the coming two months. Traders may also want to buy calls on a down day for shares, and use the daily swings in oil prices for smaller, but faster, profits.


    Disclosure: The author of this article has no position in the company mentioned here, and does not intend to trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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