Analysts Set Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Price Target at C$1.11

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$1.11.

A number of research analysts have recently weighed in on the company. Scotiabank cut their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. Royal Bank of Canada lowered 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 report on Friday, March 15th. CIBC downgraded shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and lowered their price target for the company from C$1.50 to C$1.10 in a report on Friday, March 15th. Finally, National Bankshares lowered their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th.

Tidewater Midstream and Infrastructure Stock Performance

Shares of Tidewater Midstream and Infrastructure stock opened at C$0.72 on Friday. The firm has a market cap of C$308.30 million, a price-to-earnings ratio of -0.79, a PEG ratio of 0.64 and a beta of 1.80. The business has a 50-day moving average price of C$0.82 and a 200-day moving average price of C$0.93. 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 has a twelve month low of C$0.70 and a twelve month high of C$1.10.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings data on Thursday, March 14th. The company reported C($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.01) by C($0.03). The firm had revenue of C$503.00 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. Equities research analysts anticipate that Tidewater Midstream and Infrastructure will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tidewater Midstream and Infrastructure 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 shares were sold at an average price of C$0.77, for a total value of C$38,500.00. In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of Tidewater Midstream and Infrastructure 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. Also, Director Robert Colcleugh sold 100,000 shares of Tidewater Midstream and Infrastructure stock in a transaction that occurred 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. Insiders sold a total of 173,000 shares of company stock valued at $153,060 over the last 90 days. Insiders own 6.42% of the company’s stock.

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.