Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month Low at $0.70

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week low on Monday . The company traded as low as C$0.70 and last traded at C$0.71, with a volume of 205370 shares traded. The stock had previously closed at C$0.71.

Analysts Set New Price Targets

A number of research firms recently issued reports on TWM. Scotiabank reduced their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. National Bankshares lowered their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research note on Friday, March 15th. CIBC lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and cut their price objective for the company from C$1.50 to C$1.10 in a research report on Friday, March 15th. Finally, Royal Bank of Canada reduced their target price 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$1.11.

Tidewater Midstream and Infrastructure Trading Up 4.1 %

The company’s fifty day moving average is C$0.80 and its 200-day moving average is C$0.93. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 233.13. The firm has a market capitalization of C$329.71 million, a P/E ratio of -0.85, a P/E/G ratio of 0.64 and a beta of 1.80.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data 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 return on equity of 73.46% and a negative net margin of 17.48%. The business had revenue of C$503.00 million during the quarter. As a group, sell-side analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.08 earnings per share for the current fiscal year.

Insider Transactions at Tidewater Midstream and Infrastructure

In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$0.77, for a total transaction of C$38,500.00. 6.42% of the stock is currently owned by corporate insiders.

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.