Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 52-Week High – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$6.50 and last traded at C$6.49, with a volume of 42774 shares. The stock had previously closed at C$5.89.

Wall Street Analyst Weigh In

Several research firms have issued reports on TWM. Scotiabank boosted their price target on Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a report on Monday, October 20th. ATB Capital downgraded Tidewater Midstream and Infrastructure from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 13th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of C$5.67.

Tidewater Midstream and Infrastructure Stock Up 9.2%

The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The company has a market capitalization of C$138.86 million, a PE ratio of -1.64, a PEG ratio of 0.64 and a beta of -0.50. The company’s 50 day moving average is C$5.38 and its two-hundred day moving average is C$5.33.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings data on Thursday, November 13th. The company reported C($0.69) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 19.93% and a negative return on equity of 119.01%. The company had revenue of C$353.90 million for the quarter. On average, analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current 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.