Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Average Recommendation of “Reduce” by Brokerages

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has earned a consensus rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$0.69.

Several analysts recently weighed in on TWM shares. ATB Capital decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. Acumen Capital lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. CIBC reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a report on Friday, August 16th. National Bankshares set a C$0.85 price objective on shares of Tidewater Midstream and Infrastructure and gave the stock a “sector perform” rating in a report on Wednesday, June 5th. Finally, Scotiabank cut shares of 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 research note on Friday, August 16th.

Tidewater Midstream and Infrastructure Stock Up 5.4 %

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.30 on Wednesday. Tidewater Midstream and Infrastructure has a 12-month low of C$0.28 and a 12-month high of C$1.08. The stock has a market capitalization of C$126.88 million, a P/E ratio of -0.34, a PEG ratio of 0.64 and a beta of 1.69. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54. The stock has a 50 day moving average price of C$0.47 and a two-hundred day moving average price of C$0.62.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. The firm had revenue of C$461.30 million during the quarter. Equities analysts expect that Tidewater Midstream and Infrastructure will post 0.02 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.