Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Cut to C$0.30 by Analysts at CIBC

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target cut by CIBC from C$0.40 to C$0.30 in a report published on Friday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on TWM. ATB Capital reduced their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. Acumen Capital cut their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. Scotiabank cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$0.85 to C$0.45 in a report on Friday, August 16th. Finally, National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Tidewater Midstream and Infrastructure stock traded up C$0.01 during midday trading on Friday, reaching C$0.13. 5,238,642 shares of the company were exchanged, compared to its average volume of 889,056. The firm’s 50-day simple moving average is C$0.28 and its 200-day simple moving average is C$0.46. Tidewater Midstream and Infrastructure has a 1 year low of C$0.12 and a 1 year high of C$1.08. The company has a market capitalization of C$55.91 million, a price-to-earnings ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. The firm had revenue of C$461.30 million during the quarter. On average, analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current year.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in the United States. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services. It also engages in the sale of refined petroleum products, including gasoline, low sulphur diesel, and ancillary products, as well as renewable fuels and natural gas; and gathering, processing, transporting, extraction, and marketing of crude oil, natural gas, and NGLs.