Brokerages Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Price Target at C$0.69

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is C$0.69.

TWM has been the topic of a number of research analyst reports. Acumen Capital decreased their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. ATB Capital lowered their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. CIBC reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research report on Friday, August 16th. National Bankshares set a C$0.85 price objective on shares of Tidewater Midstream and Infrastructure and gave the stock a “sector perform” rating in a report on Wednesday, June 5th. Finally, Scotiabank downgraded shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$0.85 to C$0.45 in a research note on Friday, August 16th.

Tidewater Midstream and Infrastructure Stock Performance

Tidewater Midstream and Infrastructure stock opened at C$0.30 on Wednesday. The firm has a market capitalization of C$126.88 million, a P/E ratio of -0.34, a P/E/G ratio of 0.64 and a beta of 1.69. The stock has a fifty day moving average price of C$0.47 and a two-hundred day moving average price of C$0.62. Tidewater Midstream and Infrastructure has a 52-week low of C$0.28 and a 52-week high of C$1.08. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$461.30 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. As a group, analysts anticipate that Tidewater Midstream and Infrastructure will post 0.02 EPS for the current fiscal year.

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.