CIBC Issues Pessimistic Forecast for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price decreased by analysts at CIBC from C$0.40 to C$0.30 in a note issued to investors on Friday,BayStreet.CA reports. CIBC’s target price would suggest a potential upside of 150.00% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Acumen Capital lowered their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. National Bank Financial downgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. ATB Capital decreased their price objective on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research note on Friday, August 16th. Finally, Scotiabank lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$0.85 to C$0.45 in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, Tidewater Midstream and Infrastructure has a consensus rating of “Hold” and an average target price of C$0.64.

Tidewater Midstream and Infrastructure Stock Down 4.0 %

Shares of Tidewater Midstream and Infrastructure stock traded down C$0.01 during trading on Friday, hitting C$0.12. 2,663,214 shares of the stock traded hands, compared to its average volume of 877,453. Tidewater Midstream and Infrastructure has a 52-week low of C$0.12 and a 52-week high of C$1.08. The stock’s fifty day simple moving average is C$0.28 and its 200 day simple moving average is C$0.47. The firm has a market cap of C$51.61 million, a P/E ratio of -0.14, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share (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, equities analysts predict that Tidewater Midstream and Infrastructure 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.