Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Senior Officer Sells C$34,335.00 in Stock

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of Tidewater Midstream and Infrastructure stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of C$0.63, for a total value of C$34,335.00.

Jared Ian Arling Strom Gurevitch also recently made the following trade(s):

• On Wednesday, March 20th, Jared Ian Arling Strom Gurevitch sold 23,000 shares of Tidewater Midstream and Infrastructure stock. The shares were sold at an average price of C$0.72, for a total value of C$16,560.00.
• On Friday, March 15th, Jared Ian Arling Strom Gurevitch sold 50,000 shares of Tidewater Midstream and Infrastructure stock. The shares were sold at an average price of C$0.77, for a total value of C$38,500.00.

Tidewater Midstream and Infrastructure Price Performance

TWM stock remained flat at C$0.64 during trading on Monday. 424,830 shares of the company traded hands, compared to its average volume of 574,930. The company has a debt-to-equity ratio of 233.13, a quick ratio of 0.55 and a current ratio of 0.65. The company has a 50 day simple moving average of C$0.77 and a 200-day simple moving average of C$0.89. Tidewater Midstream and Infrastructure Ltd. has a 1 year low of C$0.62 and a 1 year high of C$1.10. The company has a market cap of C$274.28 million, a PE ratio of -0.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.79.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last issued its earnings results on Thursday, March 14th. The company reported C($0.04) EPS for the quarter, missing the consensus estimate of C($0.01) by C($0.03). The business had revenue of C$503.00 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. Equities analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0542169 EPS for the current year.

Wall Street Analyst Weigh In

TWM has been the topic of a number of recent research reports. CIBC decreased their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.95 in a report on Friday. National Bankshares reduced their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th. Scotiabank reduced their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a report on Friday, March 15th. Stifel Nicolaus reduced their target price on Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a "hold" rating on the stock in a report on Thursday, April 25th. Finally, Royal Bank of Canada cut shares of Tidewater Midstream and Infrastructure from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$1.00 to C$0.80 in a research report on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$0.99.

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.