Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Expected to Rise, CIBC Analyst Says

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price raised by CIBC from C$0.30 to C$0.40 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the stock. CIBC’s target price would suggest a potential upside of 135.29% from the company’s previous close.

Several other analysts also recently weighed in on the company. Scotiabank cut their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 13.3 %

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.17 on Thursday. The stock has a market capitalization of C$73.12 million, a price-to-earnings ratio of -0.19, a PEG ratio of 0.64 and a beta of 1.67. 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 current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54. The business’s 50 day simple moving average is C$0.15 and its 200-day simple moving average is C$0.33.

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.