Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Average Recommendation of “Buy” by Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWMGet Rating) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$1.85.

A number of research firms have commented on TWM. CSFB reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$2.25 to C$1.75 in a research report on Friday, July 15th. Scotiabank reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$2.00 to C$1.75 in a research report on Thursday, July 28th. Credit Suisse Group reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$2.25 to C$1.75 and set an “outperform” rating for the company in a research report on Friday, July 15th. National Bankshares set a C$1.75 price objective on shares of Tidewater Midstream and Infrastructure and gave the stock an “outperform” rating in a research report on Wednesday, August 17th. Finally, Stifel Nicolaus reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$2.25 to C$2.10 in a research report on Thursday, July 28th.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM opened at C$1.16 on Friday. The company has a market cap of C$489.52 million and a price-to-earnings ratio of 8.29. Tidewater Midstream and Infrastructure has a 1-year low of C$1.15 and a 1-year high of C$1.72. The company’s fifty day simple moving average is C$1.22 and its 200 day simple moving average is C$1.30. The company has a current ratio of 0.78, a quick ratio of 0.54 and a debt-to-equity ratio of 116.22.

Tidewater Midstream and Infrastructure (TSE:TWMGet Rating) last issued its earnings results on Thursday, August 11th. The company reported C$0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.04. The firm had revenue of C$793.57 million for the quarter, compared to analyst estimates of C$585.00 million. On average, research analysts forecast that Tidewater Midstream and Infrastructure will post 0.21 earnings per share for the current fiscal year.

Tidewater Midstream and Infrastructure Company Profile

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Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia.

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Analyst Recommendations for Tidewater Midstream and Infrastructure (TSE:TWM)

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