Tidewater Midstream and Infrastructure (TSE:TWM) Upgraded by Royal Bank Of Canada to Moderate Buy Rating

Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure (TSE:TWM) from a hold rating to a moderate buy rating in a research note published on Sunday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. National Bank Financial boosted their price target on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday. ATB Cormark Capital Markets lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday. Scotia boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Scotiabank boosted their price objective 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Trading Up 3.3%

TWM opened at C$23.05 on Friday. Tidewater Midstream and Infrastructure has a 52 week low of C$4.00 and a 52 week high of C$23.40. The company has a market capitalization of C$505.09 million, a P/E ratio of -6.55, a PEG ratio of 0.64 and a beta of 0.09. The stock’s fifty day moving average is C$18.79 and its two-hundred day moving average is C$13.55. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 309.29.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%.The firm had revenue of C$552.10 million during the quarter. Analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current 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.