Analysts Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Price Target at C$0.64

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been given an average recommendation of “Reduce” by the six analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$0.64.

A number of analysts have weighed in on TWM shares. National Bank Financial downgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. Acumen Capital decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. ATB Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. Scotiabank reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th.

Tidewater Midstream and Infrastructure Stock Performance

TWM opened at C$0.14 on Monday. Tidewater Midstream and Infrastructure has a twelve month low of C$0.12 and a twelve month high of C$1.08. The company has a fifty day moving average of C$0.25 and a 200-day moving average of C$0.42. The stock has a market cap of C$60.21 million, a PE ratio of -0.16, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54.

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.