Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Consensus Rating of “Reduce” by Brokerages

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been assigned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$0.69.

TWM has been the topic of several analyst reports. Acumen Capital dropped their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. CIBC dropped their price target on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research report on Friday, August 16th. ATB Capital dropped 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 lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$0.85 to C$0.45 in a research report on Friday, August 16th. Finally, National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th.

Tidewater Midstream and Infrastructure Stock Down 1.8 %

TWM stock opened at C$0.28 on Friday. The firm has a market cap of C$118.28 million, a PE ratio of -0.31, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The firm’s fifty day moving average is C$0.38 and its 200 day moving average is C$0.56. Tidewater Midstream and Infrastructure has a one year low of C$0.26 and a one year high of C$1.08.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. The firm had revenue of C$461.30 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. On average, research analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current year.

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.