Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$1.11.
Several research analysts recently weighed in on the company. National Bankshares cut their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. Scotiabank cut their price target on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a report on Friday, March 15th. Royal Bank of Canada dropped their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Finally, CIBC cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from C$1.50 to C$1.10 in a report on Friday, March 15th.
View Our Latest Stock Analysis on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Stock Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last announced its earnings results on Thursday, March 14th. The company reported C($0.04) EPS for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.03). Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. The company had revenue of C$503.00 million for the quarter. As a group, equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.08 EPS for the current fiscal year.
Insider Activity at Tidewater Midstream and Infrastructure
In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$0.77, for a total transaction of C$38,500.00. In other news, Director Robert Colcleugh sold 100,000 shares of Tidewater Midstream and Infrastructure stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$0.98, for a total transaction of C$98,000.00. Also, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the firm’s stock in a transaction 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. Over the last 90 days, insiders sold 173,000 shares of company stock worth $153,060. Company insiders own 6.42% of the company’s stock.
Tidewater Midstream and Infrastructure Company Profile
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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