Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 52-Week Low – Time to Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week low on Friday . The stock traded as low as C$0.12 and last traded at C$0.13, with a volume of 2057043 shares. The stock had previously closed at C$0.13.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. CIBC cut their price objective on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday, November 15th. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. Scotiabank decreased their price objective on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Acumen Capital dropped their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. Finally, ATB Capital decreased their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and an average target price of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

The business has a fifty day moving average of C$0.22 and a 200 day moving average of C$0.39. The firm has a market cap of C$53.76 million, a P/E ratio of -0.14, a PEG 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.