Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$28.00

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target increased by ATB Cormark Capital Markets from C$26.00 to C$28.00 in a report issued on Friday,BayStreet reports. The firm currently has an outperform rating on the stock.

Several other research firms have also weighed in on TWM. Scotia raised their target price on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. National Bank Financial upped their price target on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a research note on Sunday, August 16th. Finally, Scotiabank increased their price objective 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. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$24.00.

Tidewater Midstream and Infrastructure Price Performance

Tidewater Midstream and Infrastructure stock opened at C$23.76 on Friday. The company has a market capitalization of C$521.20 million, a P/E ratio of -6.75, a P/E/G ratio of 0.64 and a beta of -0.19. The firm’s fifty day simple moving average is C$22.97 and its 200-day simple moving average is C$18.93. 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 1-year low of C$4.49 and a 1-year high of C$26.59.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. The business had revenue of C$552.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. Sell-side analysts forecast that Tidewater Midstream and Infrastructure will post 0.02 earnings per share 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.