Analyst Ratings Coverage
STA Research, (Rank#69) recently lowered the target price on Tidewater, a company involved in the offshore energy industry, to $1.15 from $1.50. STA Research also upgraded the stock’s rating from Hold to Speculative Buy.
The decision to lower the target price may have been influenced by a reassessment of Tidewater’s growth prospects, industry conditions, or other relevant factors, and to reflect the current valuation.
Despite lowering the target price, STA Research upgraded the rating to Speculative Buy, indicating a more positive outlook on the stock’s potential to go higher. This change suggests that the research firm believes Tidewater offers a compelling investment opportunity, despite the associated speculative risks.
TWM Stock Forecast & Analysis
Based on the available information, the stock forecast for Tidewater Midstream and Infrastructure Ltd suggests that the average analyst target price for the company is CAD 1.39 over the next 12 months. This indicates that, on average, analysts believe the stock has the potential to increase in value. The average analyst rating for Tidewater Midstream and Infrastructure Ltd is Strong Buy, which further suggests a positive outlook for the stock.
Stock Target Advisor’s own analysis of the company’s stock is Neutral. They have identified 6 positive signals and 7 negative signals, which means there is some mixed sentiment regarding the stock’s performance.
The stock price of Tidewater Midstream and Infrastructure Ltd stands at CAD 0.86, as per the last closing. This price reflects a decrease of -5.49% over the past week, -5.49% over the past month, and a significant decrease of -41.50% over the last year. These figures indicate that the stock has experienced a decline in value over these time periods.
About Tidewater
Tidewater Midstream and Infrastructure Ltd is a Canadian company that operates in the energy sector, specifically in midstream infrastructure. The company focuses on the acquisition, development, and operation of energy infrastructure assets, primarily in Western Canada.
Tidewater plays a crucial role in the energy supply chain. It is responsible for the transportation, storage, and processing of oil, gas, and other energy products. Tidewater’s infrastructure assets include pipelines, gas processing plants, storage facilities, and terminals.
The company’s operations primarily revolve around natural gas and natural gas liquids (NGLs). Tidewater owns and operates various pipeline systems and processing plants that gather and transport natural gas and NGLs from production areas to end markets. They also provide storage services for these energy products.
Tidewater focuses on developing strategic partnerships and expanding its asset base to support the growing energy demands in Western Canada. The company aims to provide reliable and cost-effective midstream solutions to its customers, including oil and gas producers.
It’s worth noting that Tidewater Midstream and Infrastructure Ltd’s performance and prospects can be influenced by factors such as energy prices, regulatory policies, environmental concerns, and market conditions. Investors interested in Tidewater should carefully analyze these factors, as well as the company’s financials and competitive position, before making any investment decisions.
