Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Expected to Rise, National Bank Financial Analyst Says

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective lifted by analysts at National Bank Financial from C$15.00 to C$17.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential downside of 2.63% from the stock’s current price.

A number of other research firms have also recently commented on TWM. Scotia increased their target price on 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, May 8th. ATB Cormark Capital Markets increased their price objective on 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, May 8th. Royal Bank Of Canada increased their price objective on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotiabank increased their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus price target of C$17.20.

Tidewater Midstream and Infrastructure Stock Up 4.9%

Shares of TSE TWM traded up C$0.81 during trading on Monday, reaching C$17.46. The company had a trading volume of 38,181 shares, compared to its average volume of 48,412. Tidewater Midstream and Infrastructure has a 12-month low of C$3.60 and a 12-month high of C$18.37. The stock has a market cap of C$381.43 million, a PE ratio of -3.52, a P/E/G ratio of 0.64 and a beta of -0.10. The business’s 50-day moving average is C$12.63 and its 200 day moving average is C$8.25. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 368.12.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, May 7th. The company reported C($1.24) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%.The company had revenue of C$385.60 million during the quarter. As a group, equities analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current fiscal year.

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.