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

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective raised by Scotiabank from C$17.00 to C$21.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Other research analysts also recently issued research reports about the company. Royal Bank Of Canada boosted their price target on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets raised their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a report on Thursday, July 9th. Scotia boosted their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$17.00 to C$25.00 in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and a consensus price target of C$20.00.

Tidewater Midstream and Infrastructure Trading Up 6.6%

Shares of TSE:TWM opened at C$20.79 on Tuesday. Tidewater Midstream and Infrastructure has a 12-month low of C$4.00 and a 12-month high of C$21.37. The stock has a market cap of C$455.57 million, a PE ratio of -4.19, a P/E/G ratio of 0.64 and a beta of 0.11. The business has a 50 day moving average of C$17.40 and a 200-day moving average of C$11.50. 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 released its quarterly 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 during the quarter. As a group, equities research analysts forecast that Tidewater Midstream and Infrastructure 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.