Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$0.96.
A number of equities research analysts have recently issued reports on the stock. National Bankshares set a C$0.85 target price on shares of Tidewater Midstream and Infrastructure and gave the company a “sector perform” rating in a research report on Wednesday, June 5th. Royal Bank of Canada lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$1.00 to C$0.80 in a research report on Friday, May 10th. Stifel Nicolaus lowered their target price on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, CIBC reduced their price target on Tidewater Midstream and Infrastructure from C$0.95 to C$0.90 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th.
Read Our Latest Stock Analysis on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last released its quarterly earnings data on Thursday, May 9th. The company reported C($0.01) EPS for the quarter, hitting analysts’ consensus estimates of C($0.01). The firm had revenue of C$439.50 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.32% and a negative return on equity of 72.30%. On average, analysts predict that Tidewater Midstream and Infrastructure will post 0.0542169 EPS for the current year.
Insider Buying and Selling
In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of C$0.63, for a total value of C$34,335.00. 6.41% of the stock is currently owned by corporate insiders.
Tidewater Midstream and Infrastructure Company Profile
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.
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