Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$17.00

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price raised by equities research analysts at ATB Cormark Capital Markets from C$9.00 to C$17.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would suggest a potential upside of 9.82% from the stock’s current price.

TWM has been the topic of several other reports. National Bank Financial lifted their price target on Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a research report on Friday. Royal Bank Of Canada lifted their price target on Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Scotia lifted their price target on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Scotiabank lifted their price target on Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$16.80.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TWM stock traded up C$0.46 during trading on Friday, reaching C$15.48. The company had a trading volume of 185,018 shares, compared to its average volume of 40,356. The firm’s 50 day simple moving average is C$9.76 and its two-hundred day simple moving average is C$7.00. The company has a debt-to-equity ratio of 315.42, a current ratio of 0.61 and a quick ratio of 0.55. Tidewater Midstream and Infrastructure has a one year low of C$3.60 and a one year high of C$15.97. The company has a market capitalization of C$337.51 million, a PE ratio of -2.98, a PEG ratio of 0.64 and a beta of -0.10.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, March 26th. The company reported C($1.38) EPS for the quarter. The business had revenue of C$314.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 49.98% and a negative net margin of 8.51%. Sell-side analysts forecast that Tidewater Midstream and Infrastructure 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.