Tidewater Midstream & Infrastructure Ltd (CVE:TWM) was upgraded by equities researchers at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a C$2.00 price objective on the stock, up from their prior price objective of C$1.70. Royal Bank Of Canada’s target price suggests a potential upside of 37.93% from the stock’s previous close.
TWM has been the topic of several other research reports. CIBC set a C$2.40 price target on shares of Tidewater Midstream & Infrastructure in a research note on Thursday, November 2nd. Desjardins restated a “buy” rating on shares of Tidewater Midstream & Infrastructure in a research note on Wednesday, August 16th. Finally, Beacon Securities restated a “buy” rating on shares of Tidewater Midstream & Infrastructure in a research note on Thursday, August 10th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of C$2.18.
Shares of Tidewater Midstream & Infrastructure (TWM) traded up C$0.03 during trading hours on Wednesday, hitting C$1.45. 1,284,349 shares of the company’s stock traded hands, compared to its average volume of 456,198. Tidewater Midstream & Infrastructure has a 12 month low of C$1.24 and a 12 month high of C$1.74.
In related news, Director Joel Macleod acquired 23,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was acquired at an average cost of C$1.30 per share, for a total transaction of C$29,900.00. Insiders bought 66,400 shares of company stock valued at $86,154 over the last quarter.
Tidewater Midstream & Infrastructure Company Profile
Tidewater Midstream and Infrastructure Ltd is a Canada-based company within midstream and infrastructure industry. It purchases, sales and transports natural gas liquids (NGLs) throughout North America, as well as exports NGLs to overseas markets. The NGLs the Company deals with comprise ethane, propane, butane and natural gasoline.
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