Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month High – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$25.43 and last traded at C$25.43, with a volume of 37729 shares traded. The stock had previously closed at C$24.30.

Analysts Set New Price Targets

TWM has been the subject of several recent analyst reports. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a research note on Sunday, August 16th. ATB Cormark Capital Markets boosted their target price on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Scotia upped their target price on shares of 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 raised their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Finally, National Bank Financial raised their target price on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Price Performance

The firm has a market cap of C$559.59 million, a PE ratio of -7.25, a PEG ratio of 0.64 and a beta of -0.19. The firm has a fifty day simple moving average of C$21.89 and a two-hundred day simple moving average of C$17.46. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. The business had revenue of C$552.10 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 predict that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal year.

Tidewater Midstream and Infrastructure Company Profile

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.