Brokerages Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Target Price at C$0.69

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) have been given a consensus recommendation of "Reduce" by the six analysts that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$0.69.

TWM has been the subject of a number of research analyst reports. Scotiabank cut Tidewater Midstream and Infrastructure from an "outperform" rating to a "sector perform" rating and reduced their target price for the company from C$0.85 to C$0.45 in a report on Friday, August 16th. Acumen Capital lowered their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. ATB Capital decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. CIBC cut their price target on Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research note on Friday, August 16th. Finally, National Bank Financial cut Tidewater Midstream and Infrastructure from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 18th.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TWM remained flat at C$0.29 during trading hours on Thursday. The stock had a trading volume of 195,130 shares, compared to its average volume of 707,410. The business's 50 day moving average price is C$0.30 and its two-hundred day moving average price is C$0.50. Tidewater Midstream and Infrastructure has a 52-week low of C$0.26 and a 52-week high of C$1.08. The company has a market cap of C$124.73 million, a P/E ratio of -0.33, a PEG ratio of 0.64 and a beta of 1.67. 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 results on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. The firm had revenue of C$461.30 million for the quarter. Analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current 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.