Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$1.11.
A number of equities research analysts have issued reports on TWM shares. Scotiabank decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research note on Friday, March 15th. National Bankshares dropped their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th. CIBC lowered shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from C$1.50 to C$1.10 in a research report on Friday, March 15th. Finally, Royal Bank of Canada decreased their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.00 and set an “outperform” rating on the stock in a research report on Friday, March 15th.
Tidewater Midstream and Infrastructure Price Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last released its earnings results on Thursday, March 14th. The company reported C($0.04) 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 business had revenue of C$503.00 million for the quarter. On average, sell-side analysts anticipate that Tidewater Midstream and Infrastructure will post 0.08 EPS for the current year.
Insider Buying and Selling
In other Tidewater Midstream and Infrastructure news, Director Robert Colcleugh sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of C$0.98, for a total value of C$98,000.00. In related news, Senior Officer Jared Ian Arling Strom Gurevitch sold 50,000 shares of the 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. Also, Director Robert Colcleugh sold 100,000 shares of the stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of C$0.98, for a total transaction of C$98,000.00. Insiders sold a total of 173,000 shares of company stock valued at $153,060 over the last ninety days. Insiders own 6.42% of the company’s stock.
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.
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