CIBC Cuts Tidewater Midstream and Infrastructure (TSE:TWM) Price Target to C$0.30

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price decreased by CIBC from C$0.40 to C$0.30 in a research report released on Friday morning,BayStreet.CA reports.

A number of other research firms have also weighed in on TWM. 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. Scotiabank downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$0.85 to C$0.45 in a research note on Friday, August 16th. National Bank Financial downgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. Finally, ATB Capital cut their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE TWM opened at C$0.13 on Friday. The stock has a market cap of C$55.91 million, a price-to-earnings ratio of -0.15, a PEG ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.12 and a fifty-two week high of C$1.08. The firm’s 50-day simple moving average is C$0.28 and its 200 day simple moving average is C$0.46. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share (EPS) 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 company had revenue of C$461.30 million for the quarter. As a group, research analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current fiscal 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.