Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 52-Week High – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price reached a new 52-week high on Monday . The stock traded as high as C$19.01 and last traded at C$19.00, with a volume of 95550 shares trading hands. The stock had previously closed at C$18.00.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Scotiabank increased their price target on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. Scotia upped 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 report on Friday, May 8th. ATB Cormark Capital Markets raised their price objective on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, National Bank Financial lifted their price target on shares of 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. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and an average price target of C$17.60.

Tidewater Midstream and Infrastructure Price Performance

The company has a market capitalization of C$414.59 million, a PE ratio of -3.81, a P/E/G ratio of 0.64 and a beta of 0.11. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12. The stock has a fifty day simple moving average of C$16.79 and a 200-day simple moving average of C$10.78.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, May 7th. The company reported C($1.24) earnings per share (EPS) for the quarter. The business had revenue of C$385.60 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%. Equities analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current 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.