Brokerages Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Price Target at C$0.66

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been given a consensus recommendation of “Reduce” by the six research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$0.66.

A number of analysts have recently weighed in on the stock. CIBC upped their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Scotiabank decreased their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, Atb Cap Markets cut Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE TWM opened at C$0.17 on Tuesday. The firm’s 50-day simple moving average is C$0.14 and its 200 day simple moving average is C$0.31. The stock has a market cap of C$73.12 million, a P/E ratio of -0.19, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.11 and a fifty-two week high of C$1.05.

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.