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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been given a consensus rating of “Hold” by the six analysts that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$0.96.

TWM has been the subject of a number of research reports. Scotiabank dropped their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. National Bankshares set a C$0.85 target price on Tidewater Midstream and Infrastructure and gave the stock a “sector perform” rating in a research note on Wednesday, June 5th. Stifel Nicolaus lowered their target price on Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating for the company in a research note on Thursday, April 25th. CIBC lowered their target price on Tidewater Midstream and Infrastructure from C$0.95 to C$0.90 and set a “neutral” rating for the company in a research note on Wednesday, June 5th. Finally, Royal Bank of Canada cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$1.00 to C$0.80 in a research note on Friday, May 10th.

Tidewater Midstream and Infrastructure Trading Up 3.6 %

Shares of TSE TWM opened at C$0.58 on Friday. Tidewater Midstream and Infrastructure has a twelve month low of C$0.55 and a twelve month high of C$1.10. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 168.13. The stock has a fifty day simple moving average of C$0.64 and a 200-day simple moving average of C$0.81. The stock has a market capitalization of C$248.82 million, a PE ratio of -0.64, a PEG ratio of 0.64 and a beta of 1.81.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings data on Thursday, May 9th. The company reported C($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of C($0.01). Tidewater Midstream and Infrastructure had a negative return on equity of 72.30% and a negative net margin of 18.32%. The business had revenue of C$439.50 million during the quarter. On average, equities analysts forecast that Tidewater Midstream and Infrastructure will post 0.0542169 earnings per share for the current year.

Insiders Place Their Bets

In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of Tidewater Midstream and Infrastructure stock in a transaction dated Friday, May 10th. The stock was sold at an average price of C$0.63, for a total transaction of C$34,335.00. 6.41% of the stock is owned by company insiders.

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.