Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 52-Week High – Should You Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.84 and last traded at C$17.10, with a volume of 41497 shares traded. The stock had previously closed at C$17.68.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets raised their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Scotia raised their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. National Bank Financial raised their target price on shares of Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Scotiabank raised their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and an average price target of C$16.80.

Tidewater Midstream and Infrastructure Stock Performance

The firm’s fifty day simple moving average is C$11.74 and its 200 day simple moving average is C$7.87. The company has a market capitalization of C$373.35 million, a price-to-earnings ratio of -3.45, a PEG ratio of 0.64 and a beta of -0.10. The company has a debt-to-equity ratio of 368.12, a current ratio of 0.91 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings results on Thursday, March 26th. The company reported C($1.38) EPS for the quarter. The company had revenue of C$314.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%. On average, sell-side analysts forecast 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.