Tidewater Midstream and Infrastructure (TSE:TWM) Given New C$0.40 Price Target at CIBC

Posted by Matthew Steigler on Jan 10th, 2025

Tidewater Midstream and Infrastructure (TSE:TWM – Free Report) had its price target raised by CIBC from C$0.30 to C$0.40 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The firm currently has a neutral rating on the stock.

Several other analysts have also recently commented on the stock. Scotiabank decreased their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Atb Cap Markets cut Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and an average price target of C$0.66.

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Tidewater Midstream and Infrastructure Price Performance

Shares of TSE TWM opened at C$0.15 on Thursday. 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 company has a market cap of C$64.52 million, a price-to-earnings ratio of -0.17, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a 12-month low of C$0.11 and a 12-month high of C$1.08. The firm’s 50-day simple moving average is C$0.16 and its 200 day simple moving average is C$0.33.

Tidewater Midstream and Infrastructure Company Profile

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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.