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

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target dropped by equities researchers at Stifel Nicolaus from C$1.25 to C$0.90 in a note issued to investors on Thursday, BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 20.00% from the stock’s current price.

TWM has been the subject of several other research reports. CIBC downgraded 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 decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th. Royal Bank of Canada decreased their target price 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. Finally, Scotiabank dropped their price objective on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$1.05.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE TWM opened at C$0.75 on Thursday. The firm has a market capitalization of C$321.15 million, a P/E ratio of -0.82, a PEG ratio of 0.64 and a beta of 1.80. Tidewater Midstream and Infrastructure has a one year low of C$0.70 and a one year high of C$1.10. The company’s fifty day moving average is C$0.80 and its two-hundred day moving average is C$0.92. The company has a debt-to-equity ratio of 233.13, a quick ratio of 0.55 and a current ratio of 0.65.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, March 14th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.03). The company 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%. Analysts forecast that Tidewater Midstream and Infrastructure will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of Tidewater Midstream and Infrastructure stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$0.77, for a total value 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.