Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month Low - Time to Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$0.12 and last traded at C$0.13, with a volume of 2057043 shares changing hands. The stock had previously closed at C$0.13.

Analyst Ratings Changes

Several brokerages recently commented on TWM. ATB Capital reduced their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. Acumen Capital cut their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. 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. CIBC dropped their price target on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday, November 15th. Finally, National Bank Financial cut shares of Tidewater Midstream and Infrastructure from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 18th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$0.64.

Tidewater Midstream and Infrastructure Stock Down 4.0 %

The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The firm has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.39. The firm has a market cap of C$51.61 million, a price-to-earnings ratio of -0.14, a P/E/G ratio of 0.64 and a beta of 1.67.

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.