Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Lowered to C$0.30 at Scotiabank

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target trimmed by Scotiabank from C$0.45 to C$0.30 in a report published on Friday,BayStreet.CA reports.

Several other analysts also recently commented on the stock. CIBC cut their price objective on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday. National Bank Financial downgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. Acumen Capital lowered their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. Finally, ATB Capital reduced their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat.com, Tidewater Midstream and Infrastructure has an average rating of “Hold” and a consensus price target of C$0.64.

Tidewater Midstream and Infrastructure Trading Up 3.8 %

Tidewater Midstream and Infrastructure stock opened at C$0.14 on Friday. Tidewater Midstream and Infrastructure has a 12 month low of C$0.12 and a 12 month high of C$1.08. The company has a market capitalization of C$58.06 million, a price-to-earnings ratio of -0.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The business’s fifty day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.46. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54.

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.