Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Expected to Rise, Acumen Capital Analyst Says

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price raised by equities researchers at Acumen Capital from C$28.75 to C$35.75 in a note issued to investors on Friday, BayStreet reports. The brokerage currently has a “speculative buy” rating on the stock. Acumen Capital‘s price target would indicate a potential upside of 35.83% from the company’s current price.

Other equities analysts have also recently issued reports about the company. National Bank Financial increased 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 report on Friday, August 14th. ATB Cormark Capital Markets upped their price objective 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. Royal Bank Of Canada raised their price objective on shares of Tidewater Midstream and Infrastructure from C$30.00 to C$35.00 and gave the company an “outperform” rating in a research note on Friday. Scotia lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Finally, Scotiabank boosted their target price 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 report on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$28.79.

Tidewater Midstream and Infrastructure Trading Up 1.1%

Shares of TWM stock traded up C$0.29 during trading hours on Friday, hitting C$26.32. 76,703 shares of the company were exchanged, compared to its average volume of 73,830. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93. The firm has a market cap of C$577.36 million, a P/E ratio of -7.48, a P/E/G ratio of 0.64 and a beta of -0.33. The company has a 50 day simple moving average of C$23.46 and a two-hundred day simple moving average of C$16.46. Tidewater Midstream and Infrastructure has a fifty-two week low of C$4.49 and a fifty-two week high of C$26.94.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings results on Thursday, November 12th. The company reported C($1.19) earnings per share for the quarter. The firm had revenue of C$628.20 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%. Equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.02 EPS for the current year.

About Tidewater Midstream and Infrastructure

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.