Tidewater Renewables (TSE:LCFS) Stock Price Up 3.2% – What’s Next?

Shares of Tidewater Renewables Ltd. (TSE:LCFS) were up 3.2% during mid-day trading on Tuesday . The company traded as high as C$19.45 and last traded at C$18.83. Approximately 61,006 shares changed hands during trading, an increase of 174% from the average session volume of 22,291 shares. The stock had previously closed at C$18.25.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LCFS. ATB Cormark Capital Markets lifted their price target on shares of Tidewater Renewables from C$16.00 to C$19.00 and gave the company a “speculative buy” rating in a research note on Friday, August 14th. National Bank Financial upped their price target on shares of Tidewater Renewables from C$13.25 to C$22.75 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Finally, Royal Bank Of Canada upgraded 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 research note on Friday, August 14th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Tidewater Renewables presently has an average rating of “Buy” and a consensus price target of C$22.25.

Tidewater Renewables Stock Performance

The company has a market cap of C$715.74 million, a PE ratio of 94.05 and a beta of -0.59. The company has a debt-to-equity ratio of 109.35, a quick ratio of 0.10 and a current ratio of 1.13. The firm’s 50 day moving average is C$16.97 and its 200-day moving average is C$12.05.

Tidewater Renewables (TSE:LCFS) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.13 EPS for the quarter. The firm had revenue of C$160.60 million during the quarter. Tidewater Renewables had a return on equity of 0.20% and a net margin of 0.09%. On average, research analysts anticipate that Tidewater Renewables Ltd. will post 0.15 earnings per share for the current fiscal year.

About Tidewater Renewables

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.