Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 1-Year Low at $0.27

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.27 and last traded at C$0.28, with a volume of 528268 shares changing hands. The stock had previously closed at C$0.28.

Analyst Ratings Changes

TWM has been the subject of several research reports. CIBC dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a report on Friday, August 16th. National Bankshares set a C$0.85 price objective on shares of Tidewater Midstream and Infrastructure and gave the company a “sector perform” rating in a report on Wednesday, June 5th. ATB Capital decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. Scotiabank cut shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$0.85 to C$0.45 in a research report on Friday, August 16th. Finally, Acumen Capital decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$0.69.

Tidewater Midstream and Infrastructure Price Performance

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 company has a market capitalization of C$118.28 million, a PE ratio of -0.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.69. The stock’s 50-day moving average is C$0.40 and its two-hundred day moving average is C$0.57.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. The firm had revenue of C$461.30 million during the quarter. On average, equities analysts predict that Tidewater Midstream and Infrastructure Ltd. will post 0.02 EPS for the current year.

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.