Tidewater Midstream and Infrastructure (TSE:TWM) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure (TSE:TWM) from a hold rating to an outperform rating in a report issued on Tuesday, MarketBeat reports. They currently have C$25.00 target price on the stock, up from their prior target price of C$17.00.

Several other brokerages also recently weighed in on TWM. ATB Cormark Capital Markets raised their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. Scotia boosted their price target on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Scotiabank raised their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on 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. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$20.00.

Tidewater Midstream and Infrastructure Stock Down 1.1%

Shares of TSE:TWM opened at C$21.62 on Tuesday. The company has a market capitalization of C$473.76 million, a price-to-earnings ratio of -4.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.11. The company has a 50 day moving average of C$17.60 and a two-hundred day moving average of C$11.74. Tidewater Midstream and Infrastructure has a 52-week low of C$4.00 and a 52-week high of C$22.52. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 368.12.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its 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 net margin of 7.71% and a negative return on equity of 54.09%. As a group, analysts forecast that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share 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.