Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 52-Week Low at $0.69

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week low during trading on Wednesday . The stock traded as low as C$0.69 and last traded at C$0.69, with a volume of 233103 shares. The stock had previously closed at C$0.71.

Analyst Ratings Changes

A number of research analysts recently issued reports on TWM shares. Scotiabank cut their price target on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a report on Friday, March 15th. Royal Bank of Canada dropped their target price 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 cut shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price target for the company from C$1.50 to C$1.10 in a research note on Friday, March 15th. Stifel Nicolaus dropped their price objective 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. Finally, National Bankshares reduced their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th. Three equities research 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 has a consensus rating of “Moderate Buy” and a consensus price target of C$1.05.

Tidewater Midstream and Infrastructure Stock Performance

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 market cap of C$295.71 million, a price-to-earnings ratio of -0.78, a PEG ratio of 0.64 and a beta of 1.79. The firm’s 50-day moving average price is C$0.78 and its 200 day moving average price is C$0.90.

Tidewater Midstream and Infrastructure (TSE:TWM) 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 business 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%. On average, sell-side analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0542169 EPS for the current year.

Insider Buying and Selling

In other 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 transaction of C$38,500.00. 6.42% of the stock is owned by insiders.

About Tidewater Midstream and Infrastructure

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.