Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$26.00 at Scotia

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price lifted by analysts at Scotia from C$21.00 to C$26.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Scotia’s price target would suggest a potential upside of 17.43% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and upped their target price for the stock from C$17.00 to C$25.00 in a report on Tuesday, July 21st. Royal Bank Of Canada boosted their price objective on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Scotiabank raised their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, ATB Cormark Capital Markets lifted their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$23.60.

Tidewater Midstream and Infrastructure Stock Up 1.0%

Shares of TSE TWM traded up C$0.22 during midday trading on Friday, hitting C$22.14. 87,109 shares of the stock traded hands, compared to its average volume of 61,374. The company has a debt-to-equity ratio of 368.12, a quick ratio of 0.55 and a current ratio of 0.91. Tidewater Midstream and Infrastructure has a one year low of C$4.00 and a one year high of C$23.12. The business has a 50 day moving average price of C$18.58 and a two-hundred day moving average price of C$13.31. The company has a market cap of C$485.15 million, a PE ratio of -4.46, a P/E/G ratio of 0.64 and a beta of 0.09.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The business had revenue of C$552.10 million during the quarter. On average, equities analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 EPS 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.