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

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

Analyst Upgrades and Downgrades

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

Tidewater Midstream and Infrastructure Trading Down 45.7 %

The firm’s fifty day simple moving average is C$0.28 and its 200 day simple moving average is C$0.47. The stock has a market capitalization of C$53.76 million, a P/E ratio of -0.14, a price-to-earnings-growth 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.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share 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. As a group, equities research analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS 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.