Tidewater Midstream and Infrastructure (TSE:TWM) Rating Lowered to “Hold” at Atb Cap Markets

Tidewater Midstream and Infrastructure (TSE:TWM) was downgraded by investment analysts at Atb Cap Markets from a “moderate buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Scotiabank lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research note on Monday, October 20th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Reduce” and a consensus target price of C$6.25.

Tidewater Midstream and Infrastructure Stock Performance

TSE TWM traded down C$0.24 on Thursday, hitting C$5.39. The stock had a trading volume of 29,819 shares, compared to its average volume of 21,950. The company’s 50-day moving average is C$5.85 and its two-hundred day moving average is C$4.90. Tidewater Midstream and Infrastructure has a one year low of C$2.10 and a one year high of C$6.42. The stock has a market cap of C$116.40 million, a price-to-earnings ratio of -2.07, a P/E/G ratio of 0.64 and a beta of -0.15. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its earnings results on Thursday, November 13th. The company reported C($1.58) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 19.93% and a negative return on equity of 119.01%. The business had revenue of C$353.90 million during the quarter. On average, analysts expect that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current year.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.