Tidewater Midstream and Infrastructure (TSE:TWM) Stock Gets Price Target Increase from Royal Bank Of Canada

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price hoisted by investment analysts at Royal Bank Of Canada from C$30.00 to C$35.00 in a research note issued to investors on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target suggests a potential upside of 31.43% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Scotiabank raised their target price on 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. ATB Cormark Capital Markets boosted their price target on shares of Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Scotia upped their price objective on shares of 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. Finally, National Bank Financial raised their price objective on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Moderate Buy” and an average price target of C$28.79.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE:TWM traded up C$0.60 during midday trading on Friday, hitting C$26.63. The company had a trading volume of 137,467 shares, compared to its average volume of 74,208. Tidewater Midstream and Infrastructure has a twelve month low of C$4.49 and a twelve month high of C$26.94. The company has a debt-to-equity ratio of 310.84, a current ratio of 0.56 and a quick ratio of 0.55. The stock has a market cap of C$584.16 million, a price-to-earnings ratio of -7.57, a price-to-earnings-growth ratio of 0.64 and a beta of -0.33. The business’s 50-day simple moving average is C$23.59 and its 200-day simple moving average is C$16.56.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings data on Thursday, November 12th. The company reported C($1.19) earnings per share for the quarter. The company had revenue of C$628.20 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 41.37% and a negative net margin of 3.63%. On average, research analysts predict that Tidewater Midstream and Infrastructure will post 0.02 earnings per share for the current year.

More Tidewater Midstream and Infrastructure News

Here’s some of the latest news about TWM:

• Positive Sentiment: Acumen Capital raised its price target to C$35.75 from C$28.75 and assigned a “speculative buy” rating. Tickerreport article
• Positive Sentiment: Royal Bank of Canada lifted its target to C$35 from C$30 and maintained an “outperform” rating, adding to the analyst optimism around TWM.
• Positive Sentiment: TWM’s Q3 loss narrowed year over year, a sign of improvement, though the company still reported a quarterly loss. Q3 loss narrows year over year

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd. is traded on the TSX under the symbol ‘TWM’. Midstream’s business objective is to build a diversified midstream and infrastructure company across the North American gas processing, natural gas liquids (‘NGL’), petroleum refining, and renewables markets. Midstream’s strategy is to profitably grow and create shareholder value by acquiring and building high quality, strategically located infrastructure. To achieve its business objective, Midstream is focused on providing customers with a full service, vertically integrated value chain through the acquisition and development of energy infrastructure, including downstream facilities, natural gas processing facilities, NGL infrastructure, pipelines, storage, and various renewable initiatives.