Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Lowered to C$0.30 at Scotiabank

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective reduced by investment analysts at Scotiabank from C$0.45 to C$0.30 in a research report issued to clients and investors on Friday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 150.00% from the company’s current price.

Several other equities research analysts have also recently weighed in on TWM. National Bank Financial cut shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. ATB Capital reduced their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. CIBC dropped their target price on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday. Finally, Acumen Capital decreased their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

TSE TWM traded down C$0.01 during trading hours on Friday, reaching C$0.12. 2,663,214 shares of the company’s stock were exchanged, compared to its average volume of 877,453. The firm has a fifty day moving average of C$0.28 and a 200-day moving average of C$0.47. Tidewater Midstream and Infrastructure has a one year low of C$0.12 and a one year high of C$1.08. The stock has a market cap of C$51.61 million, a PE ratio of -0.14, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. The business had revenue of C$461.30 million for the quarter. On average, equities research analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current fiscal 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.