Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Average Recommendation of “Moderate Buy” from Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$1.11.

Several analysts have commented on TWM shares. Royal Bank of Canada lowered their price target on 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 cut their price target for the stock from C$1.50 to C$1.10 in a research note on Friday, March 15th. National Bankshares lowered their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research note on Friday, March 15th. Finally, Scotiabank cut their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th.

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. In related news, Director Robert Colcleugh sold 100,000 shares of Tidewater Midstream and Infrastructure stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$0.98, for a total value of C$98,000.00. Also, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$0.77, for a total transaction of C$38,500.00. Insiders sold a total of 173,000 shares of company stock worth $153,060 in the last 90 days. 6.42% of the stock is owned by company insiders.

Tidewater Midstream and Infrastructure Stock Performance

TSE:TWM opened at C$0.77 on Friday. Tidewater Midstream and Infrastructure has a 1-year low of C$0.71 and a 1-year high of C$1.10. The firm has a 50 day simple moving average of C$0.82 and a 200-day simple moving average of C$0.94. The firm has a market cap of C$329.71 million, a PE ratio of -0.85, a P/E/G ratio of 0.64 and a beta of 1.80. The company has a debt-to-equity ratio of 233.13, a current ratio of 0.65 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings results 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 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, equities analysts expect that Tidewater Midstream and Infrastructure will post 0.08 EPS for the current year.

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.