Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$11.00 at Royal Bank Of Canada

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective raised by investment analysts at Royal Bank Of Canada from C$10.00 to C$11.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 20.35% from the stock’s previous close.

Separately, ATB Cormark Capital Markets lifted their price target on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Friday. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$9.10.

Tidewater Midstream and Infrastructure Stock Down 0.4%

Tidewater Midstream and Infrastructure stock traded down C$0.04 during mid-day trading on Friday, reaching C$9.14. The stock had a trading volume of 29,760 shares, compared to its average volume of 22,752. The firm has a market capitalization of C$197.39 million, a PE ratio of -2.33, a price-to-earnings-growth ratio of 0.64 and a beta of 0.19. Tidewater Midstream and Infrastructure has a fifty-two week low of C$3.30 and a fifty-two week high of C$9.40. The stock’s 50-day simple moving average is C$6.90 and its 200-day simple moving average is C$5.98. The company has a debt-to-equity ratio of 192.11, a quick ratio of 0.55 and a current ratio of 0.65.

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.