Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Average Recommendation of “Moderate Buy” from Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWMGet Rating) has been given a consensus rating of “Buy” by the twelve brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$1.93.

Several brokerages have recently commented on TWM. Stifel Nicolaus lowered their price target on shares of Tidewater Midstream and Infrastructure from C$2.25 to C$2.10 in a research report on Thursday, July 28th. CIBC lifted their price target on shares of Tidewater Midstream and Infrastructure from C$2.00 to C$2.05 in a research report on Thursday, July 21st. CSFB decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$2.25 to C$1.75 in a report on Friday, July 15th. Scotiabank decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$2.00 to C$1.75 in a report on Thursday, July 28th. Finally, Credit Suisse Group decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$2.25 to C$1.75 and set an “outperform” rating for the company in a report on Friday, July 15th.

Tidewater Midstream and Infrastructure Stock Down 1.6 %

Shares of TSE:TWM opened at C$1.21 on Thursday. Tidewater Midstream and Infrastructure has a one year low of C$1.15 and a one year high of C$1.72. The company has a 50 day moving average of C$1.38 and a 200-day moving average of C$1.34. The company has a debt-to-equity ratio of 114.60, a current ratio of 0.73 and a quick ratio of 0.54. The stock has a market cap of C$413.58 million and a price-to-earnings ratio of 4.65.

Tidewater Midstream and Infrastructure (TSE:TWMGet Rating) last issued its quarterly earnings results on Thursday, May 12th. The company reported C($0.01) EPS for the quarter, missing the consensus estimate of C$0.03 by C($0.04). The firm had revenue of C$658.42 million for the quarter, compared to the consensus estimate of C$464.00 million. On average, sell-side analysts forecast that Tidewater Midstream and Infrastructure will post 0.21 earnings per share for the current year.

Tidewater Midstream and Infrastructure Company Profile

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Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia.

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Analyst Recommendations for Tidewater Midstream and Infrastructure (TSE:TWM)

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