Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.55 and last traded at C$0.56, with a volume of 66051 shares traded. The stock had previously closed at C$0.56.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. Scotiabank reduced their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. Stifel Nicolaus dropped their target price on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating for the company in a research report on Thursday, April 25th. CIBC lowered their price target on Tidewater Midstream and Infrastructure from C$0.95 to C$0.90 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. Royal Bank of Canada lowered Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$1.00 to C$0.80 in a research report on Friday, May 10th. Finally, National Bankshares set a C$0.85 price target on shares of Tidewater Midstream and Infrastructure and gave the stock a “sector perform” rating in a research note on Wednesday, June 5th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Tidewater Midstream and Infrastructure has a consensus rating of “Hold” and a consensus target price of C$0.96.
Read Our Latest Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported C($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of C($0.01). Tidewater Midstream and Infrastructure had a negative net margin of 18.32% and a negative return on equity of 72.30%. The company had revenue of C$439.50 million for the quarter. As a group, research analysts predict that Tidewater Midstream and Infrastructure Ltd. will post 0.0542169 EPS for the current year.
Insider Activity at Tidewater Midstream and Infrastructure
In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of C$0.63, for a total transaction of C$34,335.00. 6.41% of the stock is currently owned by corporate insiders.
Tidewater Midstream and Infrastructure Company Profile
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.
Read More
- Five stocks we like better than Tidewater Midstream and Infrastructure
- Conference Calls and Individual Investors
- Why Paychex Stock’s Dip is the Best Opportunity in Today’s Cycle
- With Risk Tolerance, One Size Does Not Fit All
- Any Pullback in Tech May Signal a Rotation into These 3 Sectors
- Canada Bond Market Holiday: How to Invest and Trade
- 3 Stocks to Watch: Oracle, Casey’s, FedEx Signal Big Gains
Receive News & Ratings for Tidewater Midstream and Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tidewater Midstream and Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.