Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Cut to C$0.30 by Analysts at Scotiabank

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price trimmed by Scotiabank from C$0.45 to C$0.30 in a research report released on Friday morning,BayStreet.CA reports.

A number of other research firms also recently weighed in on TWM. ATB Capital dropped their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. CIBC cut their target price on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday. National Bank Financial cut shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. Finally, 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. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE:TWM traded up C$0.01 during midday trading on Friday, reaching C$0.13. The company’s stock had a trading volume of 5,238,642 shares, compared to its average volume of 889,056. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. The company has a market capitalization of C$55.91 million, a P/E ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.12 and a fifty-two week high of C$1.08. The business’s fifty day simple moving average is C$0.28 and its 200-day simple moving average is C$0.46.

Tidewater Midstream and Infrastructure (TSE:TWM) last released 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 net margin of 18.67% and a negative return on equity of 71.39%. The company had revenue of C$461.30 million for the quarter. As a group, equities research analysts expect that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal 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.