Brokerages Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Price Target at C$0.96

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$0.96.

Several equities analysts have recently commented on TWM shares. CIBC lowered their price target on shares of Tidewater Midstream and Infrastructure from C$0.95 to C$0.90 and set a “neutral” rating on the stock in a report on Wednesday, June 5th. National Bankshares set a C$0.85 price target on shares of Tidewater Midstream and Infrastructure and gave the company a “sector perform” rating in a report on Wednesday, June 5th. Scotiabank lowered their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a report on Friday, March 15th. Stifel Nicolaus lowered their price target on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Royal Bank of Canada cut shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$1.00 to C$0.80 in a report on Friday, May 10th.

Tidewater Midstream and Infrastructure Trading Down 6.6 %

TSE TWM opened at C$0.57 on Friday. Tidewater Midstream and Infrastructure has a twelve month low of C$0.55 and a twelve month high of C$1.10. The company has a debt-to-equity ratio of 168.13, a quick ratio of 0.55 and a current ratio of 0.56. The stock has a market cap of C$244.53 million, a price-to-earnings ratio of -0.63, a PEG ratio of 0.64 and a beta of 1.81. The firm’s 50 day moving average price is C$0.63 and its two-hundred day moving average price is C$0.80.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, May 9th. The company reported C($0.01) earnings per share for the quarter, hitting the consensus estimate of C($0.01). Tidewater Midstream and Infrastructure had a negative net margin of 18.32% and a negative return on equity of 72.30%. The firm had revenue of C$439.50 million for the quarter. Equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0542169 EPS for the current year.

Insider Activity at Tidewater Midstream and Infrastructure

In related news, Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of Tidewater Midstream and Infrastructure stock in a transaction on Friday, May 10th. The shares were sold at an average price of C$0.63, for a total value of C$34,335.00. 6.41% of the stock is owned by company insiders.

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.