Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 52-Week Low at $0.70

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.70 and last traded at C$0.70, with a volume of 126750 shares. The stock had previously closed at C$0.73.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. CIBC downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$1.50 to C$1.10 in a report on Friday, March 15th. Scotiabank decreased their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a report on Friday, March 15th. National Bankshares decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th. Stifel Nicolaus decreased their target price on Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating for the company in a report on Thursday, April 25th. Finally, Royal Bank of Canada decreased their target price on Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$1.05.

Tidewater Midstream and Infrastructure Stock Down 2.7 %

The firm has a 50-day moving average of C$0.79 and a 200 day moving average of C$0.92. The stock has a market capitalization of C$304.02 million, a price-to-earnings ratio of -0.80, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80. 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) last announced its earnings results on Thursday, March 14th. The company reported C($0.04) earnings per share (EPS) 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 during the quarter. On average, sell-side analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.08 earnings per share for the current year.

Insider Buying and Selling 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 stock was sold at an average price of C$0.77, for a total value of C$38,500.00. 6.42% of the stock is currently owned by corporate 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.