Tidewater Midstream & Infrastructure Ltd (TWM) Price Target Lowered to C$1.70 at Royal Bank Of Canada
Tidewater Midstream & Infrastructure Ltd (CVE:TWM) had its target price cut by analysts at Royal Bank Of Canada from C$1.80 to C$1.70 in a research note issued on Friday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 29.77% from the company’s current price.
Tidewater Midstream & Infrastructure (CVE:TWM) last released its quarterly earnings results on Monday, May 15th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $49.63 million during the quarter, compared to analysts’ expectations of $38.60 million. Tidewater Midstream & Infrastructure had a net margin of 15.15% and a return on equity of 7.35%.
In related news, Director Joel Macleod purchased 100,000 shares of the stock in a transaction that occurred on Thursday, May 18th. The stock was acquired at an average cost of C$1.33 per share, with a total value of C$133,000.00.
Tidewater Midstream & Infrastructure Company Profile
Tidewater Midstream and Infrastructure Ltd is a Canada-based company, which is focused on the purchase, sale and transportation of natural gas liquids (NGLs) across North America and export to overseas markets. It is engaged in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, NGLs by rail, export terminals and storage facilities.
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