Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month High After Analyst Upgrade

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week high during mid-day trading on Monday after Scotiabank raised their price target on the stock from C$9.00 to C$17.00. The company traded as high as C$17.08 and last traded at C$16.72, with a volume of 107744 shares traded. The stock had previously closed at C$15.48.

Other equities analysts have also issued reports about the company. National Bank Financial increased their price objective on Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a report on Friday. ATB Cormark Capital Markets increased their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday. Royal Bank Of Canada boosted their price target 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 report on Friday. Finally, Scotia upped their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$16.80.

Tidewater Midstream and Infrastructure Trading Up 8.1%

The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 368.12. The stock has a market capitalization of C$364.76 million, a P/E ratio of -3.22, a PEG ratio of 0.64 and a beta of -0.10. The firm’s 50-day simple moving average is C$9.76 and its 200 day simple moving average is C$7.00.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, March 26th. The company reported C($1.38) earnings per share (EPS) for the quarter. The business had revenue of C$314.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%. Equities research analysts anticipate that Tidewater Midstream and Infrastructure Ltd. 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.