Stifel Nicolaus Cuts Tidewater Midstream and Infrastructure (TSE:TWM) Price Target to C$0.90

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective lowered by analysts at Stifel Nicolaus from C$1.25 to C$0.90 in a report released on Thursday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 21.62% from the company’s previous close.

A number of other research firms have also weighed in on TWM. 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 on the stock in a research report on Friday, March 15th. National Bankshares reduced their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research note on Friday, March 15th. Scotiabank reduced their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. Finally, CIBC cut shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$1.50 to C$1.10 in a report on Friday, March 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$1.05.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TSE TWM traded down C$0.03 during midday trading on Thursday, reaching C$0.74. The company had a trading volume of 37,941 shares, compared to its average volume of 598,315. The business’s 50-day simple moving average is C$0.80 and its 200 day simple moving average is C$0.92. The stock has a market cap of C$316.87 million, a P/E ratio of -0.81, a P/E/G ratio of 0.64 and a beta of 1.80. Tidewater Midstream and Infrastructure has a 1 year low of C$0.70 and a 1 year high of C$1.10. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 233.13.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results 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). The business had revenue of C$503.00 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 73.46% and a negative net margin of 17.48%. On average, analysts forecast that Tidewater Midstream and Infrastructure will post 0.08 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the business’s stock in a transaction 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. 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.