Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 1-Year Low – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$0.24 and last traded at C$0.26, with a volume of 6845351 shares. The stock had previously closed at C$0.29.

Analysts Set New Price Targets

TWM has been the subject of several recent analyst reports. ATB Capital decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. Acumen Capital cut their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. Scotiabank lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$0.85 to C$0.45 in a research report on Friday, August 16th. National Bank Financial lowered shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 18th. Finally, CIBC decreased their target price on Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$0.69.

Tidewater Midstream and Infrastructure Trading Down 12.1 %

The stock has a market cap of C$109.68 million, a P/E ratio of -0.33, a PEG ratio of 0.64 and a beta of 1.67. The business’s 50 day simple moving average is C$0.30 and its 200 day simple moving average is C$0.49. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. The company had revenue of C$461.30 million during the quarter. On average, analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share 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.