Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Lowered to C$0.30 at Scotiabank

Tidewater Midstream and Infrastructure (TSE:TWM - Free Report) had its price target lowered by Scotiabank from C$0.45 to C$0.30 in a report released on Friday,BayStreet.CA reports.

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

Tidewater Midstream and Infrastructure Stock Performance

TWM stock traded up C$0.01 on Friday, reaching C$0.13. 5,238,642 shares of the company were exchanged, compared to its average volume of 889,056. The firm has a market capitalization of C$55.91 million, a PE ratio of -0.15, a PEG ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a 12 month low of C$0.12 and a 12 month high of C$1.08. The stock's fifty day moving average price is C$0.28 and its 200 day moving average price is C$0.46. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. The company had revenue of C$461.30 million for the quarter. On average, research analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 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.