Tidewater Midstream and Infrastructure (TSE:TWM) Given New C$1.50 Price Target at Canaccord Genuity Group

Tidewater Midstream and Infrastructure (TSE:TWM – Get Rating) had its price objective lowered by Canaccord Genuity Group from C$1.65 to C$1.50 in a research note published on Monday morning, BayStreet.CA reports.

Several other analysts have also recently issued reports on TWM. Stifel Nicolaus reduced their price objective on Tidewater Midstream and Infrastructure from C$1.90 to C$1.80 in a research note on Tuesday, November 15th. Royal Bank of Canada dropped their target price on Tidewater Midstream and Infrastructure from C$1.60 to C$1.50 and set an outperform rating on the stock in a report on Friday. National Bankshares lowered Tidewater Midstream and Infrastructure from an outperform rating to a sector perform rating and dropped their target price for the company from C$1.50 to C$1.10 in a report on Friday. Scotiabank dropped their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.30 in a report on Friday. Finally, ATB Capital dropped their target price on Tidewater Midstream and Infrastructure from C$1.70 to C$1.50 in a report on Friday.

Tidewater Midstream and Infrastructure Stock Up 2.1 %

Shares of TSE TWM opened at C$0.98 on Monday. The stock has a market cap of C$414.56 million, a P/E ratio of 12.25, a PEG ratio of 0.64 and a beta of 1.64. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 96.49. Tidewater Midstream and Infrastructure has a 12-month low of C$0.89 and a 12-month high of C$1.72. The business’s fifty day simple moving average is C$1.06 and its 200-day simple moving average is C$1.10.

Tidewater Midstream and Infrastructure Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, December 30th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Thursday, December 29th. Tidewater Midstream and Infrastructure’s payout ratio is 50.00%.

About Tidewater Midstream and Infrastructure

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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.