Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$27.00 at National Bank Financial

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price boosted by National Bank Financial from C$25.00 to C$27.00 in a report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

TWM has been the subject of a number of other research reports. ATB Cormark Capital Markets increased their target price on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday. Scotia increased their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Friday. Royal Bank Of Canada lifted their target price on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Scotiabank increased their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Up 1.8%

Tidewater Midstream and Infrastructure stock opened at C$22.32 on Friday. Tidewater Midstream and Infrastructure has a 1-year low of C$4.00 and a 1-year high of C$23.12. The business has a fifty day moving average price of C$18.68 and a 200-day moving average price of C$13.37. The company has a debt-to-equity ratio of 368.12, a current ratio of 0.91 and a quick ratio of 0.55. The stock has a market capitalization of C$489.10 million, a price-to-earnings ratio of -4.50, a PEG ratio of 0.64 and a beta of 0.09.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%.The firm had revenue of C$552.10 million during the quarter. Equities research analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal 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.