Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$19.00

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target increased by equities research analysts at ATB Cormark Capital Markets from C$17.00 to C$19.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 10.47% from the stock’s current price.

Other equities analysts also recently issued reports about the company. National Bank Financial lifted their target price on Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Scotiabank boosted their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research note on Friday, May 8th. Scotia increased their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada lifted 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. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$17.60.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TWM stock traded down C$0.37 during trading hours on Thursday, reaching C$17.20. The company had a trading volume of 32,108 shares, compared to its average volume of 51,509. The firm has a market cap of C$376.90 million, a PE ratio of -3.47, a price-to-earnings-growth ratio of 0.64 and a beta of 0.11. 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 business has a fifty day moving average price of C$16.60 and a 200-day moving average price of C$10.60. Tidewater Midstream and Infrastructure has a one year low of C$4.00 and a one year high of C$18.41.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, May 7th. The company reported C($1.24) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The firm had revenue of C$385.60 million for the quarter. Sell-side analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share 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.