Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been given an average rating of “Reduce” by the six brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$0.64.

A number of research firms have commented on TWM. Scotiabank reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, CIBC dropped their price target on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a report on Friday, November 15th.

Tidewater Midstream and Infrastructure Price Performance

TWM opened at C$0.12 on Friday. The firm’s 50-day simple moving average is C$0.20 and its 200-day simple moving average is C$0.37. 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 twelve month low of C$0.11 and a twelve month high of C$1.08. The firm has a market cap of C$49.46 million, a price-to-earnings ratio of -0.13, a PEG ratio of 0.64 and a beta of 1.67.

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.