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 lowered by Stifel Nicolaus from C$1.25 to C$0.90 in a research note issued to investors on Thursday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 20.00% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. CIBC cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$1.50 to C$1.10 in a report on Friday, March 15th. National Bankshares cut their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. 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 for the company in a report on Friday, March 15th. Finally, Scotiabank decreased 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 research 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 company currently has a consensus rating of “Moderate Buy” and an average price target of C$1.05.

Tidewater Midstream and Infrastructure Stock Up 2.7 %

TWM stock opened at C$0.75 on Thursday. The company has a debt-to-equity ratio of 233.13, a quick ratio of 0.55 and a current ratio of 0.65. The company has a market capitalization of C$321.15 million, a price-to-earnings ratio of -0.82, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80. The business’s 50 day moving average price is C$0.80 and its two-hundred day moving average price is C$0.92. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.70 and a fifty-two week high of C$1.10.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, March 14th. The company reported C($0.04) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.03). The firm had revenue of C$503.00 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. As a group, analysts forecast that Tidewater Midstream and Infrastructure will post 0.08 earnings per share for the current fiscal year.

Insider Activity at Tidewater Midstream and Infrastructure

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.

About Tidewater Midstream and Infrastructure

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.