Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month Low – Time to Sell?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week low on Friday . The stock traded as low as C$0.12 and last traded at C$0.13, with a volume of 2057043 shares. The stock had previously closed at C$0.13.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TWM shares. Scotiabank cut their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. CIBC reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a report on Friday, November 15th. 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. Acumen Capital reduced their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. Finally, Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and an average target price of C$0.64.

Tidewater Midstream and Infrastructure Trading Down 4.0 %

The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. The company has a 50-day moving average of C$0.22 and a 200 day moving average of C$0.39. The company has a market cap of C$51.61 million, a PE ratio of -0.14, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

About Tidewater Midstream and Infrastructure

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.