Tidewater Midstream and Infrastructure (TSE:TWM) Rating Lowered to “Moderate Buy” at Atb Cap Markets

Tidewater Midstream and Infrastructure (TSE:TWM) was downgraded by analysts at Atb Cap Markets from a “strong-buy” rating to a “moderate buy” rating in a research report issued on Friday,Zacks.com reports. Atb Cap Markets also issued estimates for Tidewater Midstream and Infrastructure’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.01) EPS.

Several other equities analysts have also issued reports on the company. Acumen Capital dropped their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. ATB Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. CIBC reduced their price objective on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday. National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. Finally, Scotiabank reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

Tidewater Midstream and Infrastructure stock 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 company has a 50-day moving average price of C$0.28 and a 200 day moving average price of 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 cap of C$55.91 million, a P/E ratio of -0.15, a PEG ratio of 0.64 and a beta of 1.67.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. The company had revenue of C$461.30 million during the quarter. Sell-side analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current year.

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.