Tidewater Midstream and Infrastructure (TSE:TWM) Downgraded by Atb Cap Markets to “Moderate Buy”

Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure (TSE:TWM) from a strong-buy rating to a moderate buy rating in a research note released on Friday morning,Zacks.com reports. Atb Cap Markets also issued estimates for Tidewater Midstream and Infrastructure’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.01) EPS.

A number of other equities analysts also recently issued reports on the company. ATB Capital reduced their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. Scotiabank decreased their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday. Acumen Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. National Bank Financial cut shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. Finally, CIBC cut their price target on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday. One analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

TWM opened at C$0.13 on Friday. The firm has a market capitalization of C$55.91 million, a PE ratio of -0.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. The business’s 50-day moving average is C$0.28 and its two-hundred day moving average is C$0.46. Tidewater Midstream and Infrastructure has a 1 year low of C$0.12 and a 1 year high of C$1.08.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data 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. 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.