Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 1-Year High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$11.96 and last traded at C$11.83, with a volume of 46920 shares changing hands. The stock had previously closed at C$10.94.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TWM. ATB Cormark Capital Markets increased their price target on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the stock a “sector perform” rating in a research note on Friday, March 27th. National Bank Financial raised shares of Tidewater Midstream and Infrastructure from a “strong sell” rating to a “hold” rating and increased their price target for the stock from C$4.50 to C$9.50 in a research note on Friday, March 27th. Scotiabank increased their price target on shares of 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 target on shares of 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. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$9.63.

Tidewater Midstream and Infrastructure Stock Performance

The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 315.42. The company has a market cap of C$253.05 million, a PE ratio of -2.25, a P/E/G ratio of 0.64 and a beta of -0.20. The stock’s 50 day simple moving average is C$8.18 and its two-hundred day simple moving average is C$6.42.

Tidewater Midstream and Infrastructure Company Profile

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.