Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Consensus Rating of “Reduce” by Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been given a consensus recommendation of “Reduce” by the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$0.64.

A number of research analysts recently issued reports on the stock. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. CIBC reduced their target price on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday, November 15th. Scotiabank dropped their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Finally, ATB Capital decreased their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th.

Tidewater Midstream and Infrastructure Stock Up 4.0 %

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.13 on Monday. The firm has a market cap of C$55.91 million, a price-to-earnings ratio of -0.15, a PEG ratio of 0.64 and a beta of 1.67. The stock’s 50-day moving average is C$0.26 and its 200 day moving average is C$0.44. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. Tidewater Midstream and Infrastructure has a one year low of C$0.12 and a one year high of C$1.08.

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.