Tidewater Midstream Hits Day Low of CAD 5.36 Amid Price Pressure

Tidewater Midstream and Infrastructure has experienced a significant decline today, with the stock dropping by 7.89% as it reached an intraday low of CAD 5.36. This performance stands in stark contrast to the S&P/TSX 60, which has gained 1.52% on the same day. Over the past week, Tidewater has seen a decrease of 6.82%, while its monthly performance reflects a decline of 6.51%.
In terms of longer-term performance, the stock has faced challenges, with a 3-year decline of 73.83% and a 5-year drop of 62.16%. Despite a year-to-date increase of 86.67%, the overall trend indicates underperformance compared to the S&P/TSX 60, which has risen by 20.26% in the same timeframe.

Financial metrics reveal a high debt-to-equity ratio of 2.25 and a negative return on equity of -43.42%. The company has reported consecutive quarters of negative results, with a significant drop in operating profit of 61.2%. These factors contribute to a challenging market position for Tidewater Midstream and Infrastructure within the trading and distribution industry.