Tidewater Midstream & Infrastructure (TSE:TWM) Price Target Cut to C$1.85 by Analysts at Cfra

Tidewater Midstream & Infrastructure (TSE:TWM) had its price objective lowered by equities research analysts at Cfra from C$2.10 to C$1.85 in a research note issued to investors on Wednesday, BayStreet.CA reports. Cfra’s price objective would indicate a potential upside of 65.18% from the company’s previous close.

Several other research analysts also recently commented on TWM. CIBC reduced their price objective on Tidewater Midstream & Infrastructure from C$2.05 to C$2.00 in a report on Friday, August 9th. National Bank Financial restated an “outperform overweight” rating on shares of Tidewater Midstream & Infrastructure in a report on Thursday, August 8th.

TWM traded down C$0.01 during trading on Wednesday, hitting C$1.12. 1,462,390 shares of the stock were exchanged, compared to its average volume of 428,233. The stock has a 50 day moving average price of C$1.33. The firm has a market capitalization of $395.18 million and a price-to-earnings ratio of 45.20. Tidewater Midstream & Infrastructure has a 1 year low of C$1.09 and a 1 year high of C$1.57. The company has a debt-to-equity ratio of 104.95, a quick ratio of 0.38 and a current ratio of 0.45.

Tidewater Midstream & Infrastructure (TSE:TWM) last released its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The business had revenue of C$123.67 million during the quarter, compared to the consensus estimate of C$74.80 million. As a group, equities analysts forecast that Tidewater Midstream & Infrastructure will post 0.09 EPS for the current 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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