Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 52-Week Low at $0.70

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.70 and last traded at C$0.71, with a volume of 205370 shares trading hands. The stock had previously closed at C$0.71.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TWM. National Bankshares lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. Scotiabank dropped their price target on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. CIBC cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$1.50 to C$1.10 in a research report on Friday, March 15th. Finally, Royal Bank of Canada dropped their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$1.11.

Tidewater Midstream and Infrastructure Trading Up 4.1 %

The company has a market capitalization of C$329.71 million, a P/E ratio of -0.85, a PEG ratio of 0.64 and a beta of 1.80. The company has a debt-to-equity ratio of 233.13, a quick ratio of 0.55 and a current ratio of 0.65. The stock has a fifty day moving average of C$0.80 and a 200 day moving average of C$0.93.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, March 14th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.03). Tidewater Midstream and Infrastructure had a negative return on equity of 73.46% and a negative net margin of 17.48%. The company had revenue of C$503.00 million during the quarter. As a group, equities research analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$0.77, for a total transaction of C$38,500.00. 6.42% of the stock is owned by company insiders.

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.