Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 1-Year Low at $0.71

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as C$0.71 and last traded at C$0.73, with a volume of 263030 shares changing hands. The stock had previously closed at C$0.74.

Wall Street Analyst Weigh In

Several analysts have weighed in on TWM shares. Royal Bank of Canada lowered their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an "outperform" rating on the stock in a report on Friday, March 15th. National Bankshares reduced their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. CIBC downgraded Tidewater Midstream and Infrastructure from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from C$1.50 to C$1.10 in a research report on Friday, March 15th. Finally, Scotiabank reduced their price objective on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of "Moderate Buy" and an average price target of C$1.11.

Tidewater Midstream and Infrastructure Trading Down 2.7 %

The business has a 50 day simple moving average of C$0.82 and a two-hundred day simple moving average of C$0.94. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 233.13. The stock has a market cap of C$308.30 million, a price-to-earnings ratio of -0.79, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last released its earnings results on Thursday, March 14th. The company reported C($0.04) EPS for the quarter, missing analysts' consensus estimates of C($0.01) by C($0.03). The firm had revenue of C$503.00 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 73.46% and a negative net margin of 17.48%. As a group, equities analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.08 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert Colcleugh sold 100,000 shares of the company's stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$0.98, for a total value of C$98,000.00. In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the business's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$0.77, for a total value of C$38,500.00. Also, Director Robert Colcleugh sold 100,000 shares of the business's stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of C$0.98, for a total value of C$98,000.00. In the last quarter, insiders sold 173,000 shares of company stock worth $153,060. 6.42% of the stock is owned by company 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.