Tidewater Midstream and Infrastructure (TSE:TWM) PT Lowered to C$1.10 at Scotiabank

Tidewater Midstream and Infrastructure (TSE:TWMFree Report) had its target price lowered by Scotiabank from C$1.50 to C$1.10 in a research report sent to investors on Friday morning, BayStreet.CA reports.

A number of other equities research analysts also recently commented on TWM. National Bankshares decreased their target price on Tidewater Midstream and Infrastructure from C$1.25 to C$1.10 and set a sector perform rating for the company in a report on Tuesday, January 30th. CIBC downgraded Tidewater Midstream and Infrastructure from an outperform rating to a neutral rating and decreased their price target for the company from C$1.50 to C$1.10 in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus price target of C$1.15.

Check Out Our Latest Stock Analysis on TWM

Tidewater Midstream and Infrastructure Stock Up 1.3 %

Shares of TWM opened at C$0.80 on Friday. Tidewater Midstream and Infrastructure has a 52-week low of C$0.72 and a 52-week high of C$1.10. The company has a market cap of C$342.56 million, a PE ratio of -3.64, a P/E/G ratio of 0.64 and a beta of 1.80. The business has a fifty day moving average of C$0.91 and a 200 day moving average of C$0.98. The company has a quick ratio of 0.55, a current ratio of 1.16 and a debt-to-equity ratio of 146.58.

Insider Transactions at Tidewater Midstream and Infrastructure

In related news, Director Robert Colcleugh sold 100,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$0.98, for a total transaction of C$98,000.00. Corporate insiders own 6.44% of the company’s stock.

Tidewater Midstream and Infrastructure Company Profile

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Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in North America. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable space. 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; gathering, processing, and transporting natural gas and NGLs; and NGL extraction and marketing.

Further Reading

Analyst Recommendations for Tidewater Midstream and Infrastructure (TSE:TWM)

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