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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has earned a consensus rating of “Reduce” from the six analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have issued a hold rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$0.66.

Several research analysts recently commented on the stock. Scotiabank reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. CIBC boosted their target price on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. Finally, Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th.

Tidewater Midstream and Infrastructure Trading Down 5.9 %

TSE TWM opened at C$0.16 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54. The firm has a market cap of C$68.82 million, a PE ratio of -0.18, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a 50 day moving average price of C$0.15 and a 200 day moving average price of C$0.32. Tidewater Midstream and Infrastructure has a 52 week low of C$0.11 and a 52 week high of C$1.08.

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.