Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$0.35 at Acumen Capital

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target hoisted by Acumen Capital from C$0.30 to C$0.35 in a research note released on Monday morning,BayStreet.CA reports.

Several other research firms also recently commented on TWM. CIBC raised their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. National Bankshares boosted their target price on shares of Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an “underperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$0.53.

Tidewater Midstream and Infrastructure Stock Performance

TSE TWM opened at C$0.27 on Monday. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. The company’s fifty day moving average is C$0.20 and its two-hundred day moving average is C$0.21. Tidewater Midstream and Infrastructure has a 52-week low of C$0.11 and a 52-week high of C$0.86. The firm has a market capitalization of C$116.39 million, a price-to-earnings ratio of -0.33, a P/E/G ratio of 0.64 and a beta of 1.67.

About Tidewater Midstream and Infrastructure

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.