Analysts Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Target Price at C$0.64

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have earned an average recommendation of “Reduce” from the six brokerages that are covering the stock, 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 12-month price target among brokers that have issued ratings on the stock in the last year is C$0.64.

A number of equities analysts have recently issued reports on TWM shares. CIBC dropped their price target on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday, November 15th. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, Scotiabank cut their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th.

Tidewater Midstream and Infrastructure Stock Up 8.7 %

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.13 on Friday. 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 twelve month low of C$0.11 and a twelve month high of C$1.08. The company has a market cap of C$53.76 million, a price-to-earnings ratio of -0.14, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company’s 50 day moving average is C$0.20 and its 200 day moving average is C$0.37.

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.