CIBC Issues Pessimistic Forecast for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

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

A number of other research firms also recently issued reports on TWM. ATB Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. National Bank Financial cut shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. Scotiabank lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$0.85 to C$0.45 in a report on Friday, August 16th. Finally, Acumen Capital dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$0.64.

Tidewater Midstream and Infrastructure Stock Performance

Tidewater Midstream and Infrastructure stock opened at C$0.14 on Friday. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.12 and a fifty-two week high of C$1.08. The company has a market capitalization of C$58.06 million, a PE ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a 50 day moving average price of C$0.28 and a 200-day moving average price of C$0.46. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63.

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.