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

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

Several other brokerages also recently weighed in on TWM. Scotiabank decreased their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

Shares of Tidewater Midstream and Infrastructure stock remained flat at C$0.15 during trading hours on Thursday. 63,300 shares of the stock traded hands, compared to its average volume of 548,002. The firm has a fifty day moving average price of C$0.16 and a two-hundred day moving average price of C$0.33. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54. Tidewater Midstream and Infrastructure has a 52 week low of C$0.11 and a 52 week high of C$1.08. The firm 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.

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.