Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Receives Average Recommendation of “Buy” from Brokerages

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Rating) have earned a consensus recommendation of “Buy” from the twelve research firms that are covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$1.96.

TWM has been the subject of a number of research analyst reports. Standpoint Research boosted their price target on Tidewater Midstream and Infrastructure from C$2.00 to C$2.15 in a report on Monday, May 16th. Atb Cap Markets reaffirmed an “outperform” rating on shares of Tidewater Midstream and Infrastructure in a report on Monday, February 7th.

Shares of TSE:TWM traded up C$0.03 during trading on Friday, reaching C$1.37. 562,083 shares of the company traded hands, compared to its average volume of 388,900. The company’s 50 day moving average is C$1.29 and its two-hundred day moving average is C$1.30. The firm has a market capitalization of C$468.27 million and a PE ratio of 5.21. The company has a quick ratio of 0.54, a current ratio of 0.73 and a debt-to-equity ratio of 114.60. Tidewater Midstream and Infrastructure has a 52 week low of C$1.15 and a 52 week high of C$1.58.

Tidewater Midstream and Infrastructure (TSE:TWM – Get Rating) last posted its quarterly earnings results on Thursday, March 10th. The company reported C$0.04 EPS for the quarter, topping analysts’ consensus estimates of C$0.03 by C$0.01. The business had revenue of C$534.58 million for the quarter, compared to analyst estimates of C$434.00 million. As a group, research analysts anticipate that Tidewater Midstream and Infrastructure will post 0.21 EPS for the current year.

About Tidewater Midstream and Infrastructure (Get Rating)

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, operates as a diversified midstream and infrastructure company in North America. It primarily focuses on natural gas, natural gas liquids (NGLs), and crude oil operations and processing plants located in the Deep Basin, Edmonton, and Montney regions of Alberta and British Columbia.

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