Tidewater Midstream and Infrastructure (TSE:TWM) Downgraded by Atb Cap Markets to “Moderate Buy”

Atb Cap Markets cut shares of Tidewater Midstream and Infrastructure (TSE:TWM) from a strong-buy rating to a moderate buy rating in a research note released on Friday,Zacks.com reports. Atb Cap Markets also issued estimates for Tidewater Midstream and Infrastructure’s Q1 2025 earnings at $0.00 EPS, Q2 2025 earnings at $0.00 EPS, Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.00 EPS and FY2025 earnings at ($0.01) EPS.

Other research analysts have also recently issued research reports about the company. ATB Capital dropped their price target on Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. Acumen Capital lowered their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a research note on Monday, August 19th. Scotiabank cut their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday. CIBC lowered their price target on shares of Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a research report on Friday. Finally, National Bank Financial cut shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$0.64.

Tidewater Midstream and Infrastructure Stock Performance

TWM stock traded up C$0.01 during mid-day trading on Friday, hitting C$0.13. The company had a trading volume of 5,238,642 shares, compared to its average volume of 889,056. The company has a debt-to-equity ratio of 158.54, a quick ratio of 0.55 and a current ratio of 0.63. The firm has a market cap of C$55.91 million, a PE ratio of -0.15, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. Tidewater Midstream and Infrastructure has a 12 month low of C$0.12 and a 12 month high of C$1.08. The stock’s fifty day moving average price is C$0.28 and its two-hundred day moving average price is C$0.46.

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

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.