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

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$1.05.

TWM has been the subject of several recent research reports. CIBC lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$1.50 to C$1.10 in a research note on Friday, March 15th. National Bankshares decreased their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. Royal Bank of Canada dropped their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating for the company in a research note on Friday, March 15th. Stifel Nicolaus reduced their price objective on Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Finally, Scotiabank lowered their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th.

Insider Buying and Selling

In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$0.77, for a total transaction of C$38,500.00. Insiders own 6.42% of the company’s stock.

Tidewater Midstream and Infrastructure Stock Down 2.8 %

Shares of TSE TWM opened at C$0.69 on Thursday. Tidewater Midstream and Infrastructure has a 52-week low of C$0.69 and a 52-week high of C$1.10. The business’s 50 day moving average is C$0.78 and its two-hundred day moving average is C$0.90. The firm has a market cap of C$295.71 million, a price-to-earnings ratio of -0.76, a PEG ratio of 0.64 and a beta of 1.79. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 233.13.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, March 14th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of C$503.00 million during the quarter. Research analysts predict that Tidewater Midstream and Infrastructure will post 0.0542169 EPS for the current year.

About Tidewater Midstream and Infrastructure

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.