Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Average Recommendation of "Moderate Buy" from Analysts

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$1.11.

Several research analysts have commented on TWM shares. National Bankshares decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. Royal Bank of Canada reduced their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an "outperform" rating for the company in a research note on Friday, March 15th. CIBC lowered shares of Tidewater Midstream and Infrastructure from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from C$1.50 to C$1.10 in a research note on Friday, March 15th. Finally, Scotiabank reduced their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th.

Insider Activity at Tidewater Midstream and Infrastructure

In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$0.77, for a total value of C$38,500.00. In other news, Director Robert Colcleugh sold 100,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$0.98, for a total transaction of C$98,000.00. Also, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$0.77, for a total transaction of C$38,500.00. In the last 90 days, insiders sold 173,000 shares of company stock worth $153,060. 6.42% of the stock is owned by corporate insiders.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM remained flat at C$0.77 during midday trading on Friday. 347,778 shares of the stock traded hands, compared to its average volume of 625,202. The firm has a 50 day moving average price of C$0.82 and a 200 day moving average price of C$0.94. The stock has a market cap of C$329.71 million, a PE ratio of -0.85, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80. Tidewater Midstream and Infrastructure has a one year low of C$0.71 and a one year high of C$1.10. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 233.13.

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

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.