Royal Bank Of Canada Upgrades Tidewater Midstream and Infrastructure (TSE:TWM) to “Moderate Buy”

Tidewater Midstream and Infrastructure (TSE:TWM) was upgraded by stock analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research note issued on Sunday,Zacks.com reports.

A number of other equities research analysts have also recently commented on TWM. ATB Cormark Capital Markets increased their price target on shares of 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 upped their target price on shares of 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. National Bank Financial boosted their target price on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Scotiabank raised their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$23.60.

Tidewater Midstream and Infrastructure Trading Up 3.3%

TSE:TWM opened at C$23.05 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 309.29. Tidewater Midstream and Infrastructure has a 12 month low of C$4.00 and a 12 month high of C$23.40. The company has a 50-day moving average price of C$18.79 and a 200-day moving average price of C$13.55. The stock has a market cap of C$505.09 million, a price-to-earnings ratio of -6.55, 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 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 42.19% and a negative net margin of 4.75%.The business had revenue of C$552.10 million during the quarter. 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.