Tidewater Midstream and Infrastructure (TSE:TWM) Trading 3.4% Higher – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price traded up 3.4% during trading on Tuesday . The company traded as high as C$0.31 and last traded at C$0.30. 1,166,259 shares traded hands during trading, an increase of 64% from the average session volume of 709,329 shares. The stock had previously closed at C$0.29.

Wall Street Analysts Forecast Growth

TWM has been the subject of a number of research analyst reports. Acumen Capital cut their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. CIBC decreased their price target on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research note on Friday, August 16th. ATB Capital dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. Scotiabank cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$0.85 to C$0.45 in a report on Friday, August 16th. Finally, National Bank Financial lowered Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of C$0.69.

Tidewater Midstream and Infrastructure Stock Performance

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 business has a 50 day moving average price of C$0.31 and a 200 day moving average price of C$0.50. The stock has a market cap of C$129.03 million, a P/E ratio of -0.34, a PEG ratio of 0.64 and a beta of 1.67.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly 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 company had revenue of C$461.30 million during the quarter. As a group, sell-side analysts expect that Tidewater Midstream and Infrastructure Ltd. 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.