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

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

Other equities research analysts also recently issued reports about the stock. 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. Scotiabank cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$0.85 to C$0.45 in a research report on Friday, August 16th. Acumen Capital cut their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. Finally, ATB Capital decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Stock Performance

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.14 on Friday. The company has a 50 day moving average price of C$0.28 and a 200 day moving average price of C$0.46. The firm has a market capitalization of C$58.06 million, a P/E ratio of -0.15, a PEG 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. Tidewater Midstream and Infrastructure has a 52 week low of C$0.12 and a 52 week high of C$1.08.

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.