Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 1.5% – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) fell 1.5% on Thursday . The company traded as low as C$16.29 and last traded at C$16.67. Approximately 47,960 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 52,590 shares. The stock had previously closed at C$16.93.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. National Bank Financial increased their price target on shares of Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Scotia upped their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets increased their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotiabank lifted their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research note on Friday, May 8th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and a consensus price target of C$17.20.

Tidewater Midstream and Infrastructure Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12. The stock has a market capitalization of C$365.29 million, a P/E ratio of -3.36, a PEG ratio of 0.64 and a beta of 0.10. The company has a fifty day simple moving average of C$16.20 and a two-hundred day simple moving average of C$10.26.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, May 7th. The company reported C($1.24) earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The business had revenue of C$385.60 million during the quarter. Sell-side analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal year.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.