Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Average Recommendation of “Reduce” from Analysts

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have received an average recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$0.66.

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

Tidewater Midstream and Infrastructure Stock Performance

Tidewater Midstream and Infrastructure stock opened at C$0.17 on Tuesday. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. The company has a market cap of C$73.12 million, a P/E ratio of -0.19, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.11 and a fifty-two week high of C$1.05. The firm’s 50 day simple moving average is C$0.14 and its 200-day simple moving average is C$0.31.

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.