Tidewater Midstream & Infrastructure (TSE:TWM) Price Target Lowered to C$1.85 at Cfra

Tidewater Midstream & Infrastructure (TSE:TWM) had its price objective lowered by research analysts at Cfra from C$2.10 to C$1.85 in a report issued on Wednesday, BayStreet.CA reports. Cfra’s price objective would indicate a potential upside of 65.18% from the stock’s current price.

TWM has been the topic of several other research reports. National Bank Financial reissued an “outperform overweight” rating on shares of Tidewater Midstream & Infrastructure in a research report on Thursday, August 8th. CIBC dropped their target price on shares of Tidewater Midstream & Infrastructure from C$2.05 to C$2.00 in a research report on Friday, August 9th.

TSE:TWM traded down C$0.01 during trading hours on Wednesday, hitting C$1.12. 1,462,390 shares of the company were exchanged, compared to its average volume of 428,233. The stock has a market cap of $395.18 million and a PE ratio of 45.20. Tidewater Midstream & Infrastructure has a 52-week low of C$1.09 and a 52-week high of C$1.57. The company has a debt-to-equity ratio of 104.95, a current ratio of 0.45 and a quick ratio of 0.38. The company’s 50 day moving average is C$1.33.

Tidewater Midstream & Infrastructure (TSE:TWM) last released its earnings results on Tuesday, May 14th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The business had revenue of C$123.67 million for the quarter, compared to the consensus estimate of C$74.80 million. As a group, equities research analysts predict that Tidewater Midstream & Infrastructure will post 0.09 EPS for the current year.

Tidewater Midstream & Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.

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