Tidewater Midstream Announces Key Decisions from Annual Meeting

Tidewater Midstream and Infrastructure ( (TSE:TWM) ) just unveiled an update.

Tidewater Midstream and Infrastructure Ltd. announced the results of its annual general and special meeting, where shareholders voted on several key issues. The meeting, held virtually, saw the election of six directors, the re-appointment of Deloitte LLP as auditors, and the approval of various corporate measures, including share consolidation and executive compensation strategy. These decisions are expected to impact the company’s governance and operational strategies, potentially influencing its market positioning and stakeholder relations.

The most recent analyst rating on (TSE:TWM) stock is a Hold with a C$0.80 price target. To see the full list of analyst forecasts on Tidewater Midstream and Infrastructure stock, see the TSE:TWM Stock Forecast page.

Spark’s Take on TSE:TWM Stock

According to Spark, TipRanks’ AI Analyst, TSE:TWM is a Neutral.

Tidewater Midstream’s overall stock score of 42 reflects its significant financial challenges, notably high leverage and negative profitability. While there are strategic initiatives underway, such as acquisitions and cost improvements, the technical indicators and valuation remain weak. The company’s ability to navigate these challenges will be critical for future improvements.

To see Spark’s full report on TSE:TWM stock, click here.

More about Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd. is a company traded on the TSX under the symbol ‘TWM’. It aims to build a diversified midstream and infrastructure company within the North American natural gas, natural gas liquids, crude oil, refined product, and renewable energy sectors. The company focuses on providing a full-service, vertically integrated value chain through the acquisition and development of energy infrastructure, including downstream facilities, natural gas processing facilities, and renewable initiatives. Tidewater also markets various energy products across North America and is a majority shareholder in Tidewater Renewables Ltd., which focuses on low carbon fuels.

Average Trading Volume: 552,500

Technical Sentiment Signal: Sell

Current Market Cap: C$84.08M

Learn more about TWM stock on TipRanks’ Stock Analysis page.