Tidewater Midstream and Infrastructure (TSE:TWM) Stock Rating Lowered by Atb Cap Markets

Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure (TSE:TWM - Free Report) from a strong-buy rating to a moderate buy rating in a research report report published on Friday morning,Zacks.com reports. Atb Cap Markets also issued estimates for Tidewater Midstream and Infrastructure's Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.01) EPS.

A number of other research firms have also issued reports on TWM. CIBC dropped their price target on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday. Acumen Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. National Bank Financial lowered Tidewater Midstream and Infrastructure from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 18th. ATB Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. Finally, Scotiabank dropped their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Shares of Tidewater Midstream and Infrastructure stock traded up C$0.01 during mid-day trading on Friday, reaching C$0.13. 5,238,642 shares of the stock traded hands, compared to its average volume of 889,056. The business has a 50-day moving average of C$0.28 and a 200 day moving average of C$0.46. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.12 and a fifty-two week high of C$1.08. The stock 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. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last announced its earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$461.30 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. On average, analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current 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.