Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$0.40 at CIBC

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective lifted by equities research analysts at CIBC from C$0.30 to C$0.40 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price objective suggests a potential upside of 135.29% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on TWM. Scotiabank dropped their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 13.3 %

TWM stock opened at C$0.17 on Thursday. Tidewater Midstream and Infrastructure has a 1-year low of C$0.11 and a 1-year high of C$1.08. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54. The business’s 50 day moving average is C$0.15 and its 200-day moving average is C$0.33. The firm has a market cap of C$73.12 million, a P/E ratio of -0.19, a P/E/G ratio of 0.64 and a beta of 1.67.

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.