Scotiabank Cuts Tidewater Midstream and Infrastructure (TSE:TWM) Price Target to C$0.30

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

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

Tidewater Midstream and Infrastructure Trading Up 4.0 %

TSE:TWM opened at C$0.13 on Friday. Tidewater Midstream and Infrastructure has a 1 year low of C$0.12 and a 1 year high of C$1.08. The stock has a market cap 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. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The stock has a 50-day simple moving average of C$0.28 and a 200-day simple moving average of C$0.46.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share (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 during the quarter. As a group, analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share 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.