Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 52-Week Low at $0.71

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$0.71 and last traded at C$0.73, with a volume of 263030 shares. The stock had previously closed at C$0.74.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. National Bankshares dropped their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a research report on Friday, March 15th. CIBC cut Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and reduced their target price for the company from C$1.50 to C$1.10 in a report on Friday, March 15th. Royal Bank of Canada lowered their price target on Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, Scotiabank dropped their price target on Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$1.11.

Tidewater Midstream and Infrastructure Stock Performance

The company has a debt-to-equity ratio of 233.13, a current ratio of 0.65 and a quick ratio of 0.55. The firm has a market cap of C$308.30 million, a PE ratio of -0.79, a price-to-earnings-growth ratio of 0.64 and a beta of 1.80. The company’s 50 day moving average price is C$0.82 and its 200 day moving average price is C$0.93.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, March 14th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.03). Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. The company had revenue of C$503.00 million during the quarter. As a group, analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.08 EPS for the current fiscal year.

Insider Buying and Selling at Tidewater Midstream and Infrastructure

In other news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of Tidewater Midstream and Infrastructure stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$0.77, for a total transaction of C$38,500.00. In other Tidewater Midstream and Infrastructure news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of C$0.77, for a total value of C$38,500.00. Also, Director Robert Colcleugh sold 100,000 shares of the stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of C$0.98, for a total transaction of C$98,000.00. In the last three months, insiders have sold 173,000 shares of company stock valued at $153,060. Insiders own 6.42% of the company’s stock.

Tidewater Midstream and Infrastructure Company Profile

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.