Tidewater Midstream and Infrastructure (TSE:TWM) Given New C$0.30 Price Target at CIBC

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price trimmed by CIBC from C$0.40 to C$0.30 in a research report sent to investors on Friday morning,BayStreet.CA reports.

TWM has been the topic of a number of other reports. Acumen Capital dropped their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. ATB Capital dropped their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. National Bank Financial lowered Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. Finally, Scotiabank downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock 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 stock. According to MarketBeat, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus target price of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM stock opened at C$0.13 on Friday. The stock has a 50 day moving average price of C$0.28 and a 200 day moving average price of C$0.46. The firm has a market capitalization of C$55.91 million, a P/E ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. 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 posted its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$461.30 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. As a group, sell-side analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current 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.