Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) has been assigned a consensus rating of “Reduce” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$0.69.
TWM has been the subject of a number of research reports. CIBC reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a report on Friday, August 16th. National Bank Financial downgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. 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. 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. Finally, Scotiabank lowered Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$0.85 to C$0.45 in a research note on Friday, August 16th.
Check Out Our Latest Stock Analysis on TWM
Tidewater Midstream and Infrastructure Price Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last issued its quarterly 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 return on equity of 71.39% and a negative net margin of 18.67%. Research analysts anticipate 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.
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