Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Given Average Recommendation of "Reduce" by Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the five ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$0.47.

Several equities research analysts have commented on the stock. Acumen Capital increased their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.35 in a research note on Monday, March 31st. National Bankshares lifted their price target on Tidewater Midstream and Infrastructure from C$0.10 to C$0.15 and gave the stock an "underperform" rating in a report on Monday, March 31st. Finally, CIBC boosted their target price on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a "neutral" rating in a research note on Thursday, January 9th.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM stock remained flat at C$0.28 on Thursday. 153,626 shares of the stock traded hands, compared to its average volume of 550,535. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The company's 50-day moving average is C$0.23 and its 200 day moving average is C$0.20. Tidewater Midstream and Infrastructure has a 52 week low of C$0.11 and a 52 week high of C$0.74. The company has a market cap of C$118.54 million, a PE ratio of -0.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

Insider Activity

In related news, insider Nauman (Nick) Toor acquired 225,000 shares of the stock in a transaction on Monday, April 7th. The stock was acquired at an average price of C$0.25 per share, for a total transaction of C$55,687.50. Company insiders own 4.44% of the company's stock.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.