Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives C$1.47 Average Price Target from Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Rating) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$1.47.

TWM has been the subject of several research analyst reports. CSFB increased their target price on Tidewater Midstream and Infrastructure from C$1.40 to C$1.50 in a research note on Wednesday, February 8th. Stifel Firstegy cut Tidewater Midstream and Infrastructure from a “buy” rating to a “hold” rating in a research note on Monday. Royal Bank of Canada reduced their price objective on Tidewater Midstream and Infrastructure from C$1.60 to C$1.50 and set an “outperform” rating on the stock in a research note on Friday, March 10th. Stifel Nicolaus cut Tidewater Midstream and Infrastructure from a “buy” rating to a “hold” rating and cut their target price for the company from C$1.80 to C$1.15 in a research note on Tuesday. Finally, Scotiabank cut their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.30 in a research note on Friday, March 10th.

Tidewater Midstream and Infrastructure Stock Up 1.1 %

TWM opened at C$0.90 on Tuesday. The firm has a 50 day moving average price of C$1.05 and a 200 day moving average price of C$1.09. The company has a market cap of C$382.14 million, a PE ratio of 45.00, a price-to-earnings-growth ratio of 0.64 and a beta of 1.62. Tidewater Midstream and Infrastructure has a 1 year low of C$0.85 and a 1 year high of C$1.72. The company has a debt-to-equity ratio of 94.08, a quick ratio of 0.55 and a current ratio of 0.82.

Tidewater Midstream and Infrastructure Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, December 30th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 29th. This represents a $0.04 dividend on an annualized basis and a yield of 4.44%. Tidewater Midstream and Infrastructure’s dividend payout ratio is currently 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.