Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 1-Year High – What’s Next?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week high on Wednesday . The stock traded as high as C$24.48 and last traded at C$23.39, with a volume of 226864 shares trading hands. The stock had previously closed at C$23.05.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Scotia raised their price target on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Scotiabank increased their price objective on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. National Bank Financial increased their price objective on shares of 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. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Down 0.3%

The firm’s fifty day moving average is C$19.08 and its two-hundred day moving average is C$13.91. The firm has a market cap of C$487.56 million, a price-to-earnings ratio of -6.32, a P/E/G ratio of 0.64 and a beta of 0.09. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, August 13th. The company reported C$0.56 EPS for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. The firm had revenue of C$552.10 million for the quarter. On average, sell-side analysts expect 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.