Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 1-Year High – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$24.58 and last traded at C$24.58, with a volume of 47212 shares. The stock had previously closed at C$23.92.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TWM. Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a report on Sunday, August 16th. Scotia upped their price target on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a report on Friday, August 14th. Scotiabank increased their price objective on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. National Bank Financial increased their price objective on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, ATB Cormark Capital Markets lifted their price objective on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Down 2.0%

The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 309.29. The company’s fifty day moving average is C$21.12 and its 200-day moving average is C$16.31. The company has a market cap of C$533.26 million, a PE ratio of -6.91, a PEG ratio of 0.64 and a beta of 0.05.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. The business had revenue of C$552.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. On average, analysts predict that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS 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.