Tidewater Midstream and Infrastructure (TSE:TWM) Given a C$0.85 Price Target at National Bankshares

Tidewater Midstream and Infrastructure (TSE:TWMGet Free Report) has been given a C$0.85 price target by equities researchers at National Bankshares in a research report issued on Wednesday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 37.10% from the company’s previous close.

Several other equities analysts also recently commented on the company. Scotiabank cut their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. CIBC cut their price target on shares of Tidewater Midstream and Infrastructure from C$0.95 to C$0.90 and set a “neutral” rating on the stock in a report on Wednesday. Stifel Nicolaus decreased their price objective 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, Royal Bank of Canada lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$1.00 to C$0.80 in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$0.96.

Read Our Latest Stock Analysis on Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Trading Up 1.6 %

Shares of TWM stock traded up C$0.01 during trading hours on Wednesday, reaching C$0.62. 257,274 shares of the stock were exchanged, compared to its average volume of 545,655. The firm has a market capitalization of C$265.98 million, a price-to-earnings ratio of -0.68, a price-to-earnings-growth ratio of 0.64 and a beta of 1.81. Tidewater Midstream and Infrastructure has a 12-month low of C$0.57 and a 12-month high of C$1.10. The company’s 50-day moving average price is C$0.71 and its 200-day moving average price is C$0.85. The company has a current ratio of 0.56, a quick ratio of 0.55 and a debt-to-equity ratio of 168.13.

Tidewater Midstream and Infrastructure (TSE:TWMGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). The business had revenue of C$439.50 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 72.30% and a negative net margin of 18.32%. As a group, equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0542169 earnings per share for the current year.

Insiders Place Their Bets

In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of the stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$0.63, for a total transaction of C$34,335.00. Insiders have sold a total of 158,115 shares of company stock worth $107,764 in the last three months. Corporate insiders own 6.41% of the company’s stock.

Tidewater Midstream and Infrastructure Company Profile

(Get Free Report)

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.

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

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