Tidewater Midstream and Infrastructure (TSE:TWM) Rating Lowered to Strong Sell at National Bank Financial

Tidewater Midstream and Infrastructure (TSE:TWM) was downgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong sell” rating in a research report issued on Sunday, Zacks.com reports. National Bank Financial also issued estimates for Tidewater Midstream and Infrastructure’s FY2025 earnings at $0.03 EPS.

TWM has been the subject of a number of other reports. Stifel Nicolaus lowered their price target 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. National Bankshares set a C$0.85 target price on shares of Tidewater Midstream and Infrastructure and gave the company a “sector perform” rating in a report on Wednesday, June 5th. ATB Capital cut their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday. CIBC lowered their price objective on Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research note on Friday. Finally, Royal Bank of Canada cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$1.00 to C$0.80 in a research note on Friday, May 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$0.76.

Tidewater Midstream and Infrastructure Price Performance

TWM opened at C$0.35 on Friday. 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 company has a market cap of C$148.38 million, a price-to-earnings ratio of -0.39, a price-to-earnings-growth ratio of 0.64 and a beta of 1.72. The stock has a fifty day simple moving average of C$0.56 and a two-hundred day simple moving average of C$0.69. Tidewater Midstream and Infrastructure has a 12-month low of C$0.28 and a 12-month high of C$1.10.

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.