Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Rating) declared a quarterly dividend on Thursday, March 23rd, Zacks reports. Stockholders of record on Friday, March 31st will be paid a dividend of 0.01 per share on Friday, April 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date is Thursday, March 30th.
Tidewater Midstream and Infrastructure Stock Performance
TSE:TWM opened at C$0.87 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.55 and a debt-to-equity ratio of 94.08. The firm has a 50-day moving average price of C$1.04 and a two-hundred day moving average price of C$1.08. Tidewater Midstream and Infrastructure has a twelve month low of C$0.85 and a twelve month high of C$1.72. The company has a market capitalization of C$369.40 million, a P/E ratio of 43.50, a price-to-earnings-growth ratio of 0.64 and a beta of 1.62.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TWM. Stifel Nicolaus downgraded shares of Tidewater Midstream and Infrastructure from a “buy” rating to a “hold” rating and lowered their price target for the stock from C$1.80 to C$1.15 in a report on Tuesday, March 14th. CIBC lowered their price target on shares of Tidewater Midstream and Infrastructure from C$1.65 to C$1.60 and set an “outperform” rating for the company in a report on Friday, March 10th. Stifel Firstegy downgraded shares of Tidewater Midstream and Infrastructure from a “buy” rating to a “hold” rating in a report on Monday, March 13th. National Bankshares cut shares of Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$1.50 to C$1.10 in a research report on Friday, March 10th. Finally, Scotiabank decreased their target price on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.30 in a research report on Friday, March 10th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Tidewater Midstream and Infrastructure has an average rating of “Moderate Buy” and an average target price of C$1.47.
Tidewater Midstream and Infrastructure Company Profile
Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia.
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