Tidewater Midstream and Infrastructure (TSE:TWM) Given New C$0.40 Price Target at CIBC

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price upped by equities researchers at CIBC from C$0.30 to C$0.40 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “neutral” rating on the stock. CIBC’s price target indicates a potential upside of 166.67% from the stock’s current price.

TWM has been the topic of a number of other reports. Atb Cap Markets cut Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Scotiabank dropped their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TWM stock remained flat at C$0.15 on Thursday. 63,300 shares of the company traded hands, compared to its average volume of 548,002. The business has a fifty day simple moving average of C$0.16 and a 200 day simple moving average of C$0.33. The company has a market cap of C$64.52 million, a P/E ratio of -0.17, a PEG ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55. Tidewater Midstream and Infrastructure has a fifty-two week low of C$0.11 and a fifty-two week high of C$1.08.

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.