Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Consensus Rating of “Reduce” by Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been assigned an average recommendation of “Reduce” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$0.66.

A number of brokerages have issued reports on TWM. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. CIBC boosted their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Finally, Scotiabank dropped their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM opened at C$0.20 on Friday. The firm has a market capitalization of C$83.87 million, a price-to-earnings ratio of -0.22, a PEG ratio of 0.64 and a beta of 1.67. The firm’s fifty day simple moving average is C$0.15 and its 200-day simple moving average is C$0.27. Tidewater Midstream and Infrastructure has a twelve month low of C$0.11 and a twelve month high of C$0.91. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54.

Tidewater Midstream and Infrastructure Company Profile

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.