CIBC Lowers Tidewater Midstream & Infrastructure (TWM) Price Target to C$2.05

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Tidewater Midstream & Infrastructure (TSE:TWM) had its target price reduced by stock analysts at CIBC from C$2.10 to C$2.05 in a research report issued on Wednesday, BayStreet.CA reports. CIBC’s price target suggests a potential upside of 37.58% from the company’s previous close.

A number of other research analysts have also commented on TWM. National Bank Financial upped their price target on shares of Tidewater Midstream & Infrastructure from C$2.10 to C$2.25 and gave the company an “outperform” rating in a research note on Wednesday. GMP Securities upped their price target on shares of Tidewater Midstream & Infrastructure from C$2.00 to C$2.25 in a research note on Tuesday, March 26th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Tidewater Midstream & Infrastructure in a research note on Wednesday, February 13th.

TWM remained flat at $C$1.49 on Wednesday. 64,832 shares of the company were exchanged, compared to its average volume of 444,358. Tidewater Midstream & Infrastructure has a twelve month low of C$1.20 and a twelve month high of C$1.57. The firm has a market cap of $492.89 million and a price-to-earnings ratio of 24.83. The company has a debt-to-equity ratio of 75.88, a quick ratio of 0.53 and a current ratio of 0.67.

Tidewater Midstream & Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.04 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.02 by C$0.02. The company had revenue of C$90.74 million during the quarter, compared to analyst estimates of C$64.10 million. Analysts anticipate that Tidewater Midstream & Infrastructure will post 0.1 earnings per share for the current year.

Tidewater Midstream & Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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