Tidewater Midstream and Infrastructure (TSE:TWM) Releases Quarterly Earnings Results

Tidewater Midstream and Infrastructure (TSE:TWM) released its quarterly earnings results on Thursday. The company reported C$0.56 EPS for the quarter, FiscalAI reports. The firm had revenue of C$552.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%.

Tidewater Midstream and Infrastructure Stock Performance

TSE:TWM traded up C$0.49 during trading hours on Friday, reaching C$22.41. 76,859 shares of the stock were exchanged, compared to its average volume of 61,290. The stock has a market capitalization of C$491.07 million, a P/E ratio of -4.52, a P/E/G ratio of 0.64 and a beta of 0.09. The firm has a 50 day simple moving average of C$18.58 and a 200-day simple moving average of C$13.31. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 368.12. Tidewater Midstream and Infrastructure has a 52 week low of C$4.00 and a 52 week high of C$23.12.

Wall Street Analysts Forecast Growth

TWM has been the topic of a number of analyst reports. Scotia lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets upped their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. National Bank Financial raised shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and raised their price target for the company from C$17.00 to C$25.00 in a report on Tuesday, July 21st. Royal Bank Of Canada lifted their price target on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Scotiabank upped their price objective 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 report on Tuesday, July 21st. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$20.00.

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.