Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives C$0.96 Consensus Price Target from Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) has been given an average rating of "Hold" by the six research firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$0.96.

A number of research analysts have weighed in on the company. Stifel Nicolaus lowered their target price on Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a "hold" rating on the stock in a report on Thursday, April 25th. Scotiabank decreased their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. CIBC decreased their price objective on Tidewater Midstream and Infrastructure from C$0.95 to C$0.90 and set a "neutral" rating on the stock in a research note on Wednesday, June 5th. National Bankshares set a C$0.85 price objective on Tidewater Midstream and Infrastructure and gave the stock a "sector perform" rating in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada downgraded Tidewater Midstream and Infrastructure from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$1.00 to C$0.80 in a research note on Friday, May 10th.

Insider Buying and Selling

In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of the business's stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$0.63, for a total transaction of C$34,335.00. 6.41% of the stock is owned by company insiders.

Tidewater Midstream and Infrastructure Trading Up 5.2 %

Shares of TWM traded up C$0.03 during mid-day trading on Friday, hitting C$0.61. 511,460 shares of the company's stock traded hands, compared to its average volume of 509,179. The firm has a market capitalization of C$261.69 million, a P/E ratio of -0.67, a PEG ratio of 0.64 and a beta of 1.81. The business's 50-day moving average price is C$0.64 and its 200-day moving average price is C$0.81. Tidewater Midstream and Infrastructure has a 1 year low of C$0.55 and a 1 year high of C$1.10. The company has a quick ratio of 0.55, a current ratio of 0.56 and a debt-to-equity ratio of 168.13.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last released its earnings results on Thursday, May 9th. The company reported C($0.01) EPS for the quarter, hitting analysts' consensus estimates of C($0.01). Tidewater Midstream and Infrastructure had a negative return on equity of 72.30% and a negative net margin of 18.32%. The firm had revenue of C$439.50 million for the quarter. As a group, sell-side analysts forecast that Tidewater Midstream and Infrastructure will post 0.0542169 EPS for the current fiscal year.

About Tidewater Midstream and Infrastructure

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.