Acumen Capital Cuts Tidewater Midstream and Infrastructure (TSE:TWM) Price Target to C$0.55

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price cut by Acumen Capital from C$1.10 to C$0.55 in a report released on Monday, BayStreet.CA reports.

A number of other research analysts also recently commented on the company. National Bankshares set a C$0.85 target price on Tidewater Midstream and Infrastructure and gave the company a sector perform rating in a research note on Wednesday, June 5th. Royal Bank of Canada cut Tidewater Midstream and Infrastructure from an outperform rating to a sector perform rating and lowered their price target for the company from C$1.00 to C$0.80 in a research note on Friday, May 10th. Scotiabank lowered shares of Tidewater Midstream and Infrastructure from an outperform rating to a sector perform rating and cut their price objective for the company from C$0.85 to C$0.45 in a research report on Friday, August 16th. Stifel Nicolaus decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a hold rating for the company in a research report on Thursday, April 25th. Finally, ATB Capital cut their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of Hold and an average target price of C$0.76.

Tidewater Midstream and Infrastructure Trading Up 2.1 %

Tidewater Midstream and Infrastructure stock opened at C$0.35 on Monday. Tidewater Midstream and Infrastructure has a 12 month low of C$0.28 and a 12 month high of C$1.10. 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 stock has a market cap of C$148.38 million, a P/E ratio of -0.39, a P/E/G ratio of 0.64 and a beta of 1.72. The company’s fifty day simple moving average is C$0.55 and its 200-day simple moving average is C$0.68.

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.