Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 1-Year High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price hit a new 52-week high during trading on Monday . The company traded as high as C$9.44 and last traded at C$9.27, with a volume of 32789 shares traded. The stock had previously closed at C$9.10.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. National Bank Financial upgraded Tidewater Midstream and Infrastructure from a “strong sell” rating to a “hold” rating and upped their target price for the company from C$4.50 to C$9.50 in a report on Friday, March 27th. ATB Cormark Capital Markets boosted 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, March 27th. Scotiabank raised their price objective on shares of Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Finally, Royal Bank Of Canada lifted their target price on shares of Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Tidewater Midstream and Infrastructure has a consensus rating of “Hold” and a consensus target price of C$9.63.

Tidewater Midstream and Infrastructure Stock Performance

The firm has a 50 day simple moving average of C$7.42 and a 200-day simple moving average of C$6.17. The company has a debt-to-equity ratio of 315.42, a current ratio of 0.61 and a quick ratio of 0.55. The company has a market cap of C$207.54 million, a price-to-earnings ratio of -1.85, a PEG ratio of 0.64 and a beta of -0.20.

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.