Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Stock Has Average Target Price of C$28.79

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$28.79.

Several analysts recently weighed in on the company. Scotia upped their price objective on 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. Scotiabank lifted their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. National Bank Financial boosted their target price on 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. ATB Cormark Capital Markets increased their target price on shares of Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Finally, Acumen Capital raised their price target on shares of Tidewater Midstream and Infrastructure from C$28.75 to C$35.75 and gave the company a “speculative buy” rating in a research note on Friday.

Tidewater Midstream and Infrastructure Price Performance

TWM traded up C$0.63 during trading on Friday, hitting C$26.66. 129,663 shares of the stock traded hands, compared to its average volume of 74,054. Tidewater Midstream and Infrastructure has a twelve month low of C$4.49 and a twelve month high of C$26.94. The company has a market cap of C$584.81 million, a price-to-earnings ratio of -7.57, a PEG ratio of 0.64 and a beta of -0.33. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55. The business has a 50 day moving average price of C$23.46 and a 200 day moving average price of C$16.46.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, November 12th. The company reported C($1.19) earnings per share 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 business had revenue of C$628.20 million during the quarter. Equities research analysts forecast that Tidewater Midstream and Infrastructure will post 0.02 earnings per share for the current fiscal year.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd. is traded on the TSX under the symbol ‘TWM’. Midstream’s business objective is to build a diversified midstream and infrastructure company across the North American gas processing, natural gas liquids (‘NGL’), petroleum refining, and renewables markets. Midstream’s strategy is to profitably grow and create shareholder value by acquiring and building high quality, strategically located infrastructure. To achieve its business objective, Midstream is focused on providing customers with a full service, vertically integrated value chain through the acquisition and development of energy infrastructure, including downstream facilities, natural gas processing facilities, NGL infrastructure, pipelines, storage, and various renewable initiatives.