Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$21.00 at Scotiabank

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price hoisted by equities research analysts at Scotiabank from C$17.00 to C$21.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 0.38% from the company’s previous close.

A number of other analysts also recently commented on TWM. Royal Bank Of Canada boosted their target price on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial upgraded Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$17.00 to C$25.00 in a research report on Tuesday. ATB Cormark Capital Markets lifted their price target on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 9th. Finally, Scotia boosted 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 research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure has a consensus rating of “Hold” and an average price target of C$20.00.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM stock traded up C$1.41 during midday trading on Tuesday, reaching C$20.92. 176,334 shares of the company traded hands, compared to its average volume of 53,340. The firm’s 50 day simple moving average is C$17.30 and its two-hundred day simple moving average is C$11.39. Tidewater Midstream and Infrastructure has a 1-year low of C$4.00 and a 1-year high of C$21.37. The company has a debt-to-equity ratio of 368.12, a current ratio of 0.91 and a quick ratio of 0.55. The firm has a market cap of C$458.42 million, a PE ratio of -4.22, a price-to-earnings-growth ratio of 0.64 and a beta of 0.11.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, May 7th. The company reported C($1.24) earnings per share for the quarter. The firm had revenue of C$385.60 million during 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, equities research analysts expect that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal year.

About Tidewater Midstream and Infrastructure

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.