Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$17.00

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective lifted by investment analysts at ATB Cormark Capital Markets from C$9.00 to C$17.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price objective would indicate a potential upside of 9.82% from the company’s current price.

TWM has been the subject of several other reports. Scotia increased their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday. National Bank Financial increased their price objective on Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday. Scotiabank increased their price objective on Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, March 27th. Finally, Royal Bank Of Canada increased their price objective on Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Friday, March 27th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and a consensus target price of C$16.80.

Tidewater Midstream and Infrastructure Trading Up 3.1%

Shares of TSE:TWM traded up C$0.46 during midday trading on Friday, reaching C$15.48. The company had a trading volume of 185,018 shares, compared to its average volume of 40,356. The company has a debt-to-equity ratio of 315.42, a quick ratio of 0.55 and a current ratio of 0.61. Tidewater Midstream and Infrastructure has a 1-year low of C$3.60 and a 1-year high of C$15.97. The firm has a market cap of C$337.51 million, a price-to-earnings ratio of -2.98, a price-to-earnings-growth ratio of 0.64 and a beta of -0.10. The company has a fifty day simple moving average of C$9.76 and a two-hundred day simple moving average of C$7.00.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, March 26th. The company reported C($1.38) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 8.51% and a negative return on equity of 49.98%. The company had revenue of C$314.10 million during the quarter. Research analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current year.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets. The business activities of the company include gathering, processing, and transportation relates to raw gas gathering systems, processing plants and pipelines, NGL marketing and Extraction, refined products, and other activities.