Tidewater Midstream and Infrastructure (TSE:TWM) Upgraded to “Outperform” at National Bank Financial

National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure (TSE:TWM) from a sector perform rating to an outperform rating in a research report sent to investors on Tuesday,BayStreet.CA reports. The firm currently has C$25.00 target price on the stock, up from their prior target price of C$17.00.

Several other research analysts have also weighed in on TWM. Scotiabank upped their price objective on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research note on Friday, May 8th. Scotia lifted 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 note 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 company a “sector perform” rating in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets upped their price target on shares of 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. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$20.00.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE TWM opened at C$20.79 on Tuesday. The firm has a 50-day moving average of C$17.40 and a two-hundred day moving average of C$11.50. The company has a market capitalization of C$455.57 million, a price-to-earnings ratio of -4.19, a PEG ratio of 0.64 and a beta of 0.11. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12. Tidewater Midstream and Infrastructure has a twelve month low of C$4.00 and a twelve month high of C$21.37.

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. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The company had revenue of C$385.60 million during the quarter. As a group, analysts expect 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.