Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives C$0.64 Average PT from Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$0.64.

TWM has been the subject of several analyst reports. CIBC decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday, November 15th. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. Scotiabank decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, ATB Capital decreased their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th.

Tidewater Midstream and Infrastructure Stock Performance

TSE:TWM opened at C$0.14 on Monday. 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 has a market cap 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. Tidewater Midstream and Infrastructure has a 52 week low of C$0.12 and a 52 week high of C$1.08. The firm has a 50-day moving average price of C$0.25 and a two-hundred day moving average price of C$0.43.

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.