Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month Low – Should You Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week low during trading on Friday . The company traded as low as C$0.12 and last traded at C$0.13, with a volume of 2057043 shares. The stock had previously closed at C$0.13.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bank Financial lowered Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 18th. CIBC cut their price objective on Tidewater Midstream and Infrastructure from C$0.40 to C$0.30 in a report on Friday, November 15th. ATB Capital dropped their target price on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. Acumen Capital cut their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. Finally, Scotiabank decreased their price target on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$0.64.

Tidewater Midstream and Infrastructure Price Performance

The company’s 50 day simple moving average is C$0.22 and its 200 day simple moving average is C$0.39. The stock has a market cap of C$53.76 million, a P/E ratio of -0.14, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 158.54, a current ratio of 0.63 and a quick ratio of 0.55.

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.