Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 52-Week Low – Should You Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price hit a new 52-week low on Thursday . The stock traded as low as C$0.14 and last traded at C$0.15, with a volume of 7003522 shares trading hands. The stock had previously closed at C$0.23.

Analysts Set New Price Targets

Several research firms recently issued reports on TWM. Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday. ATB Capital reduced their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a report on Friday, August 16th. CIBC decreased their price target on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research note on Friday. Acumen Capital cut their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research report on Monday, August 19th. Finally, Scotiabank decreased their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, Tidewater Midstream and Infrastructure has an average rating of “Hold” and a consensus price target of C$0.64.

Tidewater Midstream and Infrastructure Stock Up 4.0 %

The firm has a 50 day moving average of C$0.28 and a two-hundred day moving average of C$0.46. The stock has a market capitalization of C$55.91 million, a PE ratio of -0.15, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a current ratio of 0.63, a quick ratio of 0.55 and a debt-to-equity ratio of 158.54.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its earnings results on Thursday, August 15th. The company reported C($0.01) earnings per share for the quarter. The firm had revenue of C$461.30 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 18.67% and a negative return on equity of 71.39%. Equities research analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current year.

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.