Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Consensus Rating of “Reduce” by Brokerages

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) has been assigned an average recommendation of “Reduce” from the six brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$0.66.

Several equities analysts have recently commented on the stock. Scotiabank lowered their price target 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 lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. Finally, CIBC upped their price target on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research report on Thursday, January 9th.

Tidewater Midstream and Infrastructure Price Performance

Tidewater Midstream and Infrastructure stock opened at C$0.17 on Tuesday. The company has a 50-day simple moving average of C$0.14 and a 200-day simple moving average of C$0.31. The firm has a market capitalization of C$70.97 million, a P/E ratio of -0.19, a P/E/G ratio of 0.64 and a beta of 1.67. 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 has a one year low of C$0.11 and a one year high of C$1.08.

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.