Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) were down 7.4% on Friday . The company traded as low as C$0.16 and last traded at C$0.16. Approximately 121,732 shares traded hands during 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 Analysts Forecast Growth
A number of equities research analysts have commented on the company. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, November 15th. Scotiabank dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, CIBC decreased their target price on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of "Hold" and a consensus target price of C$0.64.
Read Our Latest Stock Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. The stock has a market capitalization of C$64.52 million, a price-to-earnings ratio of -0.17, a PEG ratio of 0.64 and a beta of 1.67. The stock's 50 day simple moving average is C$0.17 and its 200-day simple moving average is C$0.34.
Tidewater Midstream and Infrastructure Company Profile
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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.
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