Scotiabank Has Lowered Expectations for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price cut by equities researchers at Scotiabank from C$0.45 to C$0.30 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s target price would indicate a potential upside of 130.77% from the stock’s current price.

Several other brokerages also recently commented on TWM. ATB Capital dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. National Bank Financial downgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. Acumen Capital lowered their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. Finally, CIBC cut their price target on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Tidewater Midstream and Infrastructure stock opened at C$0.13 on Friday. 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. The stock has a market capitalization of C$55.91 million, a P/E ratio of -0.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The stock has a fifty day moving average of C$0.28 and a 200-day moving average of C$0.46.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, August 15th. The company reported C($0.01) 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 business had revenue of C$461.30 million for the quarter. On average, sell-side analysts expect that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share 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.