Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 7.4% – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares dropped 7.4% during trading on Friday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 121,732 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 462,573 shares. The stock had previously closed at C$0.17.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. CIBC cut their target price on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday, November 15th. Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, Scotiabank lowered their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Stock Down 7.4 %

The firm has a 50 day moving average of C$0.17 and a two-hundred day moving average of C$0.34. The stock has a market capitalization of C$67.74 million, a PE ratio of -0.18, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54.

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.