Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Consensus Recommendation of “Reduce” from Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been assigned an average rating of “Reduce” from the six analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$0.69.

A number of research analysts recently weighed in on the stock. Scotiabank downgraded 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. 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. Acumen Capital lowered their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. CIBC reduced 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. Finally, National Bank Financial downgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th.

Tidewater Midstream and Infrastructure Stock Down 3.3 %

TWM opened at C$0.29 on Thursday. The company has a market cap of C$124.73 million, a PE ratio of -0.33, 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 0.63 and a debt-to-equity ratio of 158.54. The business has a 50 day moving average price of C$0.31 and a two-hundred day moving average price of C$0.50. Tidewater Midstream and Infrastructure has a 52 week low of C$0.26 and a 52 week high of C$1.08.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, August 15th. The company reported C($0.01) 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 firm 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 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.