Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Average Rating of "Hold" by Analysts

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) have been assigned an average rating of "Hold" from the six research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$0.79.

Several equities analysts have issued reports on the stock. Stifel Nicolaus lowered their target price on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a "hold" rating on the stock in a research note on Thursday, April 25th. Royal Bank of Canada downgraded Tidewater Midstream and Infrastructure from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$1.00 to C$0.80 in a research report on Friday, May 10th. Scotiabank downgraded Tidewater Midstream and Infrastructure from an "outperform" rating to a "sector perform" rating and lowered their price target for the stock from C$0.85 to C$0.45 in a research report on Friday. CIBC reduced their target price on Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research note on Friday. Finally, National Bankshares set a C$0.85 price target on Tidewater Midstream and Infrastructure and gave the company a "sector perform" rating in a research note on Wednesday, June 5th.

Tidewater Midstream and Infrastructure Trading Down 11.8 %

Shares of TWM traded down C$0.04 during mid-day trading on Friday, reaching C$0.30. The company's stock had a trading volume of 5,853,945 shares, compared to its average volume of 586,791. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 168.13. Tidewater Midstream and Infrastructure has a 52 week low of C$0.28 and a 52 week high of C$1.10. The company's fifty day moving average price is C$0.57 and its two-hundred day moving average price is C$0.70. The stock has a market cap of C$128.70 million, a PE ratio of -0.34, a P/E/G ratio of 0.64 and a beta of 1.72.

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.