Tidewater Midstream & Infrastructure (TSE:TWM) PT Lowered to C$1.85

Tidewater Midstream & Infrastructure (TSE:TWM) had its price target reduced by equities research analysts at National Bank Financial from C$2.10 to C$1.85 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price target would indicate a potential upside of 65.18% from the company’s current price.

A number of other research analysts have also recently weighed in on TWM. Cfra dropped their price objective on shares of Tidewater Midstream & Infrastructure from C$2.10 to C$1.85 in a research note on Wednesday. CIBC dropped their price objective on shares of Tidewater Midstream & Infrastructure from C$2.05 to C$2.00 in a research note on Friday, August 9th.

Shares of TWM traded down C$0.01 during mid-day trading on Wednesday, reaching C$1.12. 1,462,390 shares of the company’s stock were exchanged, compared to its average volume of 428,233. The company has a debt-to-equity ratio of 104.95, a quick ratio of 0.38 and a current ratio of 0.45. The stock’s 50-day simple moving average is C$1.33. Tidewater Midstream & Infrastructure has a 52-week low of C$1.09 and a 52-week high of C$1.57. The company has a market cap of $395.18 million and a P/E ratio of 44.80.

Tidewater Midstream & Infrastructure (TSE:TWM) last issued its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$123.67 million for the quarter, compared to analyst estimates of C$74.80 million. On average, equities research analysts predict that Tidewater Midstream & Infrastructure will post 0.09 EPS for the current fiscal year.

Tidewater Midstream & Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.

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