Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives C$0.64 Consensus PT from Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have received an average recommendation of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$0.64.

TWM has been the topic of a number of research analyst reports. 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. Scotiabank cut their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. CIBC cut their price target on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday, November 15th. Acumen Capital cut their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. Finally, ATB Capital cut their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th.

Tidewater Midstream and Infrastructure Stock Performance

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.14 on Monday. 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 stock has a market cap of C$58.06 million, a price-to-earnings ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. The company’s fifty day moving average is C$0.25 and its 200 day moving average is C$0.43. Tidewater Midstream and Infrastructure has a twelve month low of C$0.12 and a twelve month high of C$1.08.

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.