Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 1-Year High – Should You Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week high on Thursday . The stock traded as high as C$18.38 and last traded at C$17.94, with a volume of 104407 shares traded. The stock had previously closed at C$17.61.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TWM. Royal Bank Of Canada lifted their target price on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Scotiabank raised their price objective on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. Scotia lifted their price objective 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. ATB Cormark Capital Markets upped 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 research report on Friday, May 8th. Finally, National Bank Financial increased their target price on Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Five equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and an average target price of C$17.20.

Tidewater Midstream and Infrastructure Trading Up 2.2%

The stock has a market capitalization of C$393.23 million, a P/E ratio of -3.63, a price-to-earnings-growth ratio of 0.64 and a beta of 0.10. The stock’s fifty day moving average price is C$14.06 and its two-hundred day moving average price is C$8.93. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, May 7th. The company reported C($1.24) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The business had revenue of C$385.60 million for the quarter. Equities research 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.