Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$27.00

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target boosted by investment analysts at National Bank Financial from C$25.00 to C$27.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 21.95% from the stock’s previous close.

A number of other equities research analysts have also commented on the stock. ATB Cormark Capital Markets raised their price objective on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank upped their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Scotia increased their target price on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Friday. 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 company a “sector perform” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Up 1.0%

TSE TWM traded up C$0.22 during trading hours on Friday, reaching C$22.14. 87,109 shares of the company’s stock were exchanged, compared to its average volume of 61,374. The company’s 50-day moving average is C$18.58 and its two-hundred day moving average is C$13.31. Tidewater Midstream and Infrastructure has a one year low of C$4.00 and a one year high of C$23.12. 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 has a market capitalization of C$485.15 million, a price-to-earnings ratio of -4.46, a price-to-earnings-growth ratio of 0.64 and a beta of 0.09.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. The firm had revenue of C$552.10 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, analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal year.

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.