Brokerages Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Target Price at C$0.66

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) have received a consensus rating of "Reduce" from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$0.66.

A number of brokerages have recently weighed in on TWM. CIBC boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a "neutral" rating in a report on Thursday, January 9th. Scotiabank dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Finally, Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a report on Friday, November 15th.

Tidewater Midstream and Infrastructure Stock Up 4.5 %

Shares of TWM stock traded up C$0.01 during trading hours on Wednesday, reaching C$0.23. 716,205 shares of the company's stock were exchanged, compared to its average volume of 655,017. The company has a market cap of C$99.15 million, a price-to-earnings ratio of -0.28, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.88. The stock's 50 day moving average is C$0.17 and its 200-day moving average is C$0.22.

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Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.