Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 1-Year High – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as C$18.00 and last traded at C$17.78, with a volume of 54517 shares traded. The stock had previously closed at C$17.13.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TWM shares. Royal Bank Of Canada boosted their price target on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Scotiabank boosted their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. ATB Cormark Capital Markets boosted their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. National Bank Financial boosted their target price on Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Scotia boosted their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$16.80.

Tidewater Midstream and Infrastructure Trading Up 4.1%

The stock has a market cap of C$389.51 million, a PE ratio of -3.59, a price-to-earnings-growth ratio of 0.64 and a beta of -0.10. The company has a debt-to-equity ratio of 368.12, a quick ratio of 0.55 and a current ratio of 0.91. The company’s 50-day moving average price is C$10.95 and its 200 day moving average price is C$7.54.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, March 26th. The company reported C($1.38) EPS for the quarter. The firm had revenue of C$314.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. On average, sell-side analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal year.

About Tidewater Midstream and Infrastructure

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.