CIBC Forecasts Strong Price Appreciation for Tidewater Midstream and Infrastructure (TSE:TWM) Stock

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective boosted by CIBC from C$0.30 to C$0.40 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Several other research analysts have also weighed in on TWM. Scotiabank lowered their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

Tidewater Midstream and Infrastructure stock opened at C$0.15 on Thursday. The company has a market cap of C$64.52 million, a price-to-earnings ratio of -0.17, a P/E/G ratio of 0.64 and a beta of 1.67. The firm has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.33. 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$0.11 and a one year high of C$1.08.

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.