Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Cut to C$0.30 by Analysts at CIBC

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective decreased by CIBC from C$0.40 to C$0.30 in a research report issued on Friday,BayStreet.CA reports. CIBC’s target price indicates a potential upside of 150.00% from the company’s current price.

A number of other equities research analysts also recently issued reports on TWM. ATB Capital decreased their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. Acumen Capital reduced their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. National Bank Financial lowered Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. Finally, Scotiabank downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$0.85 to C$0.45 in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM traded down C$0.01 during midday trading on Friday, hitting C$0.12. 2,663,214 shares of the company traded hands, compared to its average volume of 877,453. The stock has a market cap of C$51.61 million, a price-to-earnings ratio of -0.14, a PEG ratio of 0.64 and a beta of 1.67. The firm has a 50 day moving average of C$0.28 and a 200-day moving average of C$0.47. 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 has a 52 week low of C$0.12 and a 52 week high of C$1.08.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share 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%. On average, analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal year.

Tidewater Midstream and Infrastructure Company Profile

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.