Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Consensus Rating of "Reduce" from Analysts

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the six analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$0.64.

Several equities research analysts have recently commented on TWM shares. Scotiabank reduced their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Acumen Capital decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. ATB Capital dropped their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. National Bank Financial downgraded shares of Tidewater Midstream and Infrastructure from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 18th. Finally, CIBC decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday, November 15th.

Tidewater Midstream and Infrastructure Price Performance

TSE:TWM traded up C$0.01 during midday trading on Monday, hitting C$0.14. 1,371,017 shares of the stock were exchanged, compared to its average volume of 900,912. The business has a 50-day moving average price of C$0.26 and a two-hundred day moving average price of C$0.43. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54. The company has a market capitalization of C$60.21 million, a price-to-earnings ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a one year low of C$0.12 and a one year high of C$1.08.

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.