Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 12-Month High – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$14.96 and last traded at C$14.75, with a volume of 21272 shares. The stock had previously closed at C$14.59.

Analysts Set New Price Targets

Several research firms have issued reports on TWM. National Bank Financial upgraded Tidewater Midstream and Infrastructure from a “strong sell” rating to a “hold” rating and increased their price objective for the stock from C$4.50 to C$9.50 in a research report on Friday, March 27th. Scotiabank increased their price objective on Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Royal Bank Of Canada increased their price objective on Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Finally, ATB Cormark Capital Markets increased their price objective on Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and a consensus price target of C$9.63.

Tidewater Midstream and Infrastructure Trading Down 3.5%

The firm has a market cap of C$300.23 million, a PE ratio of -2.65, a PEG ratio of 0.64 and a beta of -0.10. The business has a 50-day moving average price of C$9.60 and a two-hundred day moving average price of C$6.94. The company has a debt-to-equity ratio of 315.42, a current ratio of 0.61 and a quick ratio of 0.55.

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.