Scotiabank Issues Pessimistic Forecast for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective cut by Scotiabank from C$0.45 to C$0.30 in a research report report published on Friday morning,BayStreet.CA reports.

Other research analysts have also issued reports about the company. CIBC cut their target price on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday. Acumen Capital lowered their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. ATB Capital cut their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. Finally, National Bank Financial lowered Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$0.64.

Tidewater Midstream and Infrastructure Trading Up 4.0 %

Tidewater Midstream and Infrastructure stock opened at C$0.13 on Friday. The firm has a market cap of C$55.91 million, a price-to-earnings ratio of -0.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a 1 year low of C$0.12 and a 1 year high of C$1.08. The firm’s 50 day moving average price is C$0.28 and its two-hundred day moving average price is C$0.46. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. The company had revenue of C$461.30 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. On average, research analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal year.

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.