Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) had its price target dropped by investment analysts at CIBC from C$1.10 to C$0.95 in a research note issued on Friday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 48.44% from the stock’s current price.
A number of other research firms also recently issued reports on TWM. Stifel Nicolaus cut their target price on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating for the company in a research report on Thursday, April 25th. Scotiabank cut their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a report on Friday, March 15th. Royal Bank of Canada downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$1.00 to C$0.80 in a research note on Friday. Finally, National Bankshares cut their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$0.99.
View Our Latest Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Stock Down 9.9 %
Shares of Tidewater Midstream and Infrastructure stock opened at C$0.64 on Friday. Tidewater Midstream and Infrastructure has a 1 year low of C$0.62 and a 1 year high of C$1.10. The company has a market cap of C$274.28 million, a P/E ratio of -0.70, a P/E/G ratio of 0.64 and a beta of 1.79. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 233.13. The stock has a 50-day moving average price of C$0.77 and a 200 day moving average price of C$0.90.
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.03). The business had revenue of C$503.00 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. As a group, analysts expect that Tidewater Midstream and Infrastructure will post 0.0542169 EPS for the current fiscal year.
Insiders Place Their Bets
In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$0.77, for a total transaction of C$38,500.00. Company insiders own 6.42% of the company’s stock.
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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