Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives C$0.66 Consensus Target Price from Brokerages

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been assigned an average rating of “Reduce” from the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$0.66.

A number of analysts recently issued reports on TWM shares. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. Scotiabank cut their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, CIBC lifted their price target on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research note on Thursday, January 9th.

Tidewater Midstream and Infrastructure Stock Performance

TSE:TWM opened at C$0.23 on Wednesday. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.11 and a fifty-two week high of C$0.88. The company has a market cap of C$99.15 million, a P/E ratio of -0.28, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The firm’s 50 day moving average is C$0.17 and its two-hundred day moving average is C$0.22.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.