Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 3.8% – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price fell 3.8% on Friday . The stock traded as low as C$0.13 and last traded at C$0.13. 201,074 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,001,040 shares. The stock had previously closed at C$0.13.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TWM. Scotiabank lowered their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. CIBC lowered their price target on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday, November 15th. Finally, Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Stock Performance

The stock has a market cap of C$55.91 million, a price-to-earnings ratio of -0.15, a PEG ratio of 0.64 and a beta of 1.67. The company’s 50 day simple moving average is C$0.18 and its 200 day simple moving average is C$0.35. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63.

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.