Tidewater Midstream and Infrastructure (TSE:TWM) Trading Down 1.5% – Should You Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) dropped 1.5% during mid-day trading on Thursday . The company traded as low as C$16.29 and last traded at C$16.67. 47,960 shares were traded during trading, a decline of 9% from the average session volume of 52,590 shares. The stock had previously closed at C$16.93.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TWM shares. National Bank Financial lifted their price target on Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Royal Bank Of Canada increased their price target on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. ATB Cormark Capital Markets raised their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Scotiabank boosted their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. Finally, Scotia increased their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$17.20.

Tidewater Midstream and Infrastructure Stock Performance

The stock has a 50-day moving average price of C$16.30 and a 200 day moving average price of C$10.31. The firm has a market capitalization of C$372.30 million, a price-to-earnings ratio of -3.43, a P/E/G ratio of 0.64 and a beta of 0.11. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 368.12.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings results on Thursday, May 7th. The company reported C($1.24) EPS for the quarter. The firm had revenue of C$385.60 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%. On average, analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current year.

About Tidewater Midstream and Infrastructure

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. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.