Tidewater Renewables (TSE:LCFS) Cut to “Underperform” at National Bankshares

National Bankshares lowered shares of Tidewater Renewables (TSE:LCFS) from a sector perform rating to an underperform rating in a report issued on Friday, BayStreet.CA reports. National Bankshares currently has C$3.50 price target on the stock, down from their prior price target of C$12.00.

LCFS has been the topic of a number of other research reports. ATB Capital reduced their price target on Tidewater Renewables from C$14.00 to C$8.00 and set an outperform rating on the stock in a research note on Friday. CIBC lowered Tidewater Renewables from an outperform rating to a neutral rating and dropped their target price for the company from C$12.00 to C$4.50 in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on Tidewater Renewables from C$10.00 to C$9.00 and set a hold rating on the stock in a research note on Thursday, April 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Tidewater Renewables has an average rating of Hold and a consensus price target of C$8.34.

Tidewater Renewables Stock Performance

Shares of LCFS opened at C$2.85 on Friday. Tidewater Renewables has a 1 year low of C$2.45 and a 1 year high of C$9.20. The company’s 50 day simple moving average is C$7.69 and its 200 day simple moving average is C$7.46. The company has a market capitalization of C$99.41 million, a price-to-earnings ratio of -9.83 and a beta of 1.52. The company has a debt-to-equity ratio of 60.43, a quick ratio of 0.10 and a current ratio of 0.30.

Tidewater Renewables Company Profile

Tidewater Renewables Ltd. engages in production of renewable fuel in North America. It intends to focus on the production of low carbon fuels, including renewable diesel, renewable hydrogen, and renewable natural gas, as well as carbon capture. The company intends to supply low carbon fuels to investment grade counterparties, existing customers, government entities, Indigenous groups, and others in the transportation, utilities, refining, marketing, and power industries.