Tidewater Midstream and Infrastructure (TSE:TWM) Cut to “Hold” at Stifel Firstegy

Stifel Firstegy cut shares of Tidewater Midstream and Infrastructure (TSE:TWM – Get Rating) from a buy rating to a hold rating in a report issued on Monday morning, PriceTargets.com reports. Stifel Firstegy also issued estimates for Tidewater Midstream and Infrastructure’s Q1 2023 earnings at $0.02 EPS, Q3 2023 earnings at $0.04 EPS, FY2023 earnings at $0.09 EPS and FY2024 earnings at $0.14 EPS.

A number of other equities analysts have also issued reports on the company. Scotiabank decreased their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.30 in a report on Friday, March 10th. CIBC decreased their price objective on Tidewater Midstream and Infrastructure from C$1.65 to C$1.60 and set an outperform rating for the company in a report on Friday, March 10th. ATB Capital decreased their price objective on Tidewater Midstream and Infrastructure from C$1.70 to C$1.50 in a report on Friday, March 10th. Stifel Nicolaus lowered Tidewater Midstream and Infrastructure from a buy rating to a hold rating and decreased their price target for the company from C$1.80 to C$1.15 in a research note on Tuesday. Finally, CSFB increased their price target on Tidewater Midstream and Infrastructure from C$1.40 to C$1.50 in a research note on Wednesday, February 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of Moderate Buy and a consensus target price of C$1.47.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TWM stock opened at C$0.89 on Monday. Tidewater Midstream and Infrastructure has a 12-month low of C$0.85 and a 12-month high of C$1.72. The firm has a market capitalization of C$377.89 million, a price-to-earnings ratio of 44.50, a price-to-earnings-growth ratio of 0.64 and a beta of 1.62. The business has a 50 day simple moving average of C$1.05 and a 200 day simple moving average of C$1.10. The company has a debt-to-equity ratio of 94.08, a current ratio of 0.82 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Stockholders of record on Friday, December 30th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Thursday, December 29th. Tidewater Midstream and Infrastructure’s dividend payout ratio is presently 200.00%.

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.