Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 12-Month Low – Time to Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week low on Thursday . The stock traded as low as C$0.14 and last traded at C$0.15, with a volume of 7003522 shares trading hands. The stock had previously closed at C$0.23.

Analyst Ratings Changes

Several research firms have recently issued reports on TWM. Scotiabank downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$0.85 to C$0.45 in a research note on Friday, August 16th. CIBC lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research report on Friday, August 16th. Acumen Capital decreased their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. National Bank Financial downgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. Finally, ATB Capital dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and a consensus target price of C$0.69.

Tidewater Midstream and Infrastructure Stock Performance

The company has a market capitalization of C$53.76 million, a price-to-earnings ratio of -0.14, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The firm’s 50 day simple moving average is C$0.28 and its 200-day simple moving average is C$0.47.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share (EPS) for the quarter. The firm had revenue of C$461.30 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. Analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current year.

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.