ATB Capital Trims Tidewater Midstream and Infrastructure (TSE:TWM) Target Price to C$0.80

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective decreased by ATB Capital from C$1.10 to C$0.80 in a research report report published on Friday morning, BayStreet.CA reports.

A number of other analysts also recently issued reports on the company. Royal Bank of Canada downgraded Tidewater Midstream and Infrastructure from an outperform rating to a sector perform rating and cut their target price for the stock from C$1.00 to C$0.80 in a research note on Friday, May 10th. CIBC cut their price objective on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research report on Friday. Scotiabank lowered shares of Tidewater Midstream and Infrastructure from an outperform rating to a sector perform rating and decreased their target price for the company from C$0.85 to C$0.45 in a report on Friday. Stifel Nicolaus cut their price target on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a hold rating for the company in a report on Thursday, April 25th. Finally, National Bankshares set a C$0.85 price objective on Tidewater Midstream and Infrastructure and gave the company a sector perform rating in a report on Wednesday, June 5th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Tidewater Midstream and Infrastructure has an average rating of Hold and a consensus price target of C$0.76.

Tidewater Midstream and Infrastructure Price Performance

TSE:TWM opened at C$0.35 on Friday. Tidewater Midstream and Infrastructure has a one year low of C$0.28 and a one year high of C$1.10. The stock has a market cap of C$148.38 million, a PE ratio of -0.39, a P/E/G ratio of 0.64 and a beta of 1.72. 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 stock has a 50 day moving average price of C$0.56 and a 200 day moving average price of C$0.69.

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.