Jared Ian Arling Strom Gurevitch Sells 54,500 Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Stock

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Senior Officer Jared Ian Arling Strom Gurevitch sold 54,500 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of C$0.63, for a total value of C$34,335.00.

Jared Ian Arling Strom Gurevitch also recently made the following trade(s):

• On Wednesday, March 20th, Jared Ian Arling Strom Gurevitch sold 23,000 shares of Tidewater Midstream and Infrastructure stock. The stock was sold at an average price of C$0.72, for a total transaction of C$16,560.00.
• On Friday, March 15th, Jared Ian Arling Strom Gurevitch sold 50,000 shares of Tidewater Midstream and Infrastructure stock. The shares were sold at an average price of C$0.77, for a total transaction of C$38,500.00.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TSE TWM remained flat at C$0.64 during midday trading on Monday. 182,525 shares of the stock were exchanged, compared to its average volume of 572,045. The firm has a fifty day simple moving average of C$0.77 and a 200 day simple moving average of C$0.90. The company has a debt-to-equity ratio of 233.13, a quick ratio of 0.55 and a current ratio of 0.65. Tidewater Midstream and Infrastructure Ltd. has a 1 year low of C$0.62 and a 1 year high of C$1.10. The company has a market cap of C$274.28 million, a price-to-earnings ratio of -0.70, a price-to-earnings-growth ratio of 0.64 and a beta of 1.79.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, March 14th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.01) by C($0.03). The firm had revenue of C$503.00 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 17.48% and a negative return on equity of 73.46%. Equities analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0542169 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TWM shares. National Bankshares lowered their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$1.00 in a report on Friday, March 15th. Royal Bank of Canada lowered Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$1.00 to C$0.80 in a research note on Friday. CIBC lowered their price objective on Tidewater Midstream and Infrastructure from C$1.10 to C$0.95 in a research note on Friday. Stifel Nicolaus reduced their target price on shares of Tidewater Midstream and Infrastructure from C$1.25 to C$0.90 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Scotiabank decreased their price target on shares of Tidewater Midstream and Infrastructure from C$1.50 to C$1.10 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$0.99.

Tidewater Midstream and Infrastructure Company Profile

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.