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

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

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

Tidewater Midstream and Infrastructure Stock Performance

Shares of TWM opened at C$0.13 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54. The firm’s fifty day simple moving average is C$0.28 and its two-hundred day simple moving average is C$0.46. Tidewater Midstream and Infrastructure has a 12 month low of C$0.12 and a 12 month 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.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$461.30 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. As a group, analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current 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.