Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 12-Month Low – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.24 and last traded at C$0.26, with a volume of 6845351 shares traded. The stock had previously closed at C$0.29.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TWM. ATB Capital reduced 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. Scotiabank lowered Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$0.85 to C$0.45 in a research note on Friday, August 16th. Acumen Capital lowered their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. CIBC cut their price objective on Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a report on Friday, August 16th. Finally, National Bank Financial lowered Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$0.69.

Tidewater Midstream and Infrastructure Stock Down 12.1 %

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 firm has a market capitalization of C$109.68 million, a PE ratio of -0.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The business’s 50-day moving average price is C$0.30 and its 200-day moving average price is C$0.49.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) earnings per share (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 firm had revenue of C$461.30 million for the quarter. As a group, equities research analysts predict that Tidewater Midstream and Infrastructure Ltd. 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.