Tidewater Renewables (TSE:LCFS) Given New C$19.00 Price Target at ATB Cormark Capital Markets

Tidewater Renewables (TSE:LCFS) had its price objective lifted by equities research analysts at ATB Cormark Capital Markets from C$16.00 to C$19.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “speculative buy” rating on the stock. ATB Cormark Capital Markets’ price objective points to a potential downside of 6.91% from the company’s current price.

Other equities research analysts have also issued reports about the stock. National Bank Financial raised their price target on shares of Tidewater Renewables from C$13.25 to C$22.75 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada upgraded shares of Tidewater Renewables from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$12.50 to C$25.00 in a report on Friday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$22.25.

Tidewater Renewables Trading Up 5.3%

Shares of TSE LCFS traded up C$1.02 during midday trading on Friday, hitting C$20.41. The stock had a trading volume of 20,311 shares, compared to its average volume of 20,807. The company has a quick ratio of 0.10, a current ratio of 1.13 and a debt-to-equity ratio of 120.55. Tidewater Renewables has a 1-year low of C$2.71 and a 1-year high of C$20.64. The company has a fifty day moving average price of C$13.98 and a 200 day moving average price of C$9.94. The company has a market capitalization of C$745.45 million, a price-to-earnings ratio of 92.77 and a beta of -0.43.

Tidewater Renewables (TSE:LCFS) last announced its earnings results on Thursday, August 13th. The company reported C$0.13 EPS for the quarter. The business had revenue of C$160.60 million for the quarter. Tidewater Renewables had a return on equity of 5.00% and a net margin of 2.91%. On average, analysts predict that Tidewater Renewables will post 0.15 earnings per share for the current year.

Tidewater Renewables Company Profile

Tidewater Renewables is a multi-faceted, energy transition company. The Corporation is focused on the production of low carbon fuels, including renewable diesel and sustainable aviation fuel. The Corporation was created in response to the growing demand for renewable fuels in North America and to capitalize on its potential to efficiently turn a wide variety of renewable feedstocks (such as canola oil, soybean oil, used cooking oil, distillers corn oil, tallow, and other biomasses) into low carbon fuels.