Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 12-Month High – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$18.00 and last traded at C$17.78, with a volume of 54517 shares changing hands. The stock had previously closed at C$17.13.

Analyst Ratings Changes

A number of analysts have issued reports on TWM shares. National Bank Financial boosted their target price on Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target 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 research note on Friday, May 8th. Scotia boosted their price target 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 note on Friday, May 8th. Scotiabank boosted their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets boosted their price target 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 note on Friday, May 8th. Five analysts have rated the stock with a Hold rating, According to 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 Up 4.1%

The firm’s 50 day simple moving average is C$10.95 and its 200-day simple moving average is C$7.54. The company has a market cap of C$389.51 million, a price-to-earnings ratio of -3.59, a P/E/G 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 earnings results on Thursday, March 26th. The company reported C($1.38) earnings per share 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 firm had revenue of C$314.10 million during the quarter. As a group, sell-side analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share 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.