Tidewater Midstream & Infrastructure (TSE:TWM) Price Target Cut to C$1.85 by Analysts at Cfra

Tidewater Midstream & Infrastructure (TSE:TWM) had its price objective trimmed by Cfra from C$2.10 to C$1.85 in a research report sent to investors on Wednesday, BayStreet.CA reports.

Several other analysts have also issued reports on TWM. National Bank Financial restated an outperform overweight rating on shares of Tidewater Midstream & Infrastructure in a research note on Thursday, August 8th. CIBC dropped their price objective on Tidewater Midstream & Infrastructure from C$2.05 to C$2.00 in a research note on Friday, August 9th.

TSE:TWM traded down C$0.01 on Wednesday, hitting C$1.08. The company’s stock had a trading volume of 86,486 shares, compared to its average volume of 428,096. The company has a debt-to-equity ratio of 104.95, a current ratio of 0.45 and a quick ratio of 0.38. The firm has a fifty day moving average of C$1.32. The company has a market cap of $395.18 million and a price-to-earnings ratio of 43.20. Tidewater Midstream & Infrastructure has a one year low of C$1.07 and a one year high of C$1.57.

Tidewater Midstream & Infrastructure (TSE:TWM) last released its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The business had revenue of C$123.67 million during the quarter, compared to analysts’ expectations of C$74.80 million. On average, equities research analysts anticipate that Tidewater Midstream & Infrastructure will post 0.09 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, June 28th were paid a dividend of $0.01 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 3.70%. Tidewater Midstream & Infrastructure’s dividend payout ratio (DPR) is currently 160.00%.

About Tidewater Midstream & Infrastructure

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.

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