Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Consensus Rating of “Reduce” by Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been assigned a consensus recommendation of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$0.64.

A number of equities analysts recently issued reports on the company. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Scotiabank dropped their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. ATB Capital cut their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. CIBC lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday, November 15th. Finally, National Bank Financial downgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th.

Tidewater Midstream and Infrastructure Stock Performance

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.14 on Monday. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The company has a market capitalization of C$60.21 million, a P/E ratio of -0.16, a PEG ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a 1 year low of C$0.12 and a 1 year high of C$1.08. The company’s fifty day moving average is C$0.25 and its two-hundred day moving average is C$0.42.

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.