Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$9.00

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price raised by analysts at ATB Cormark Capital Markets from C$6.00 to C$9.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential downside of 1.53% from the stock’s previous close.

Tidewater Midstream and Infrastructure Stock Down 0.4%

Shares of TWM traded down C$0.04 during trading hours on Friday, hitting C$9.14. 29,760 shares of the company were exchanged, compared to its average volume of 22,752. The company has a debt-to-equity ratio of 192.11, a quick ratio of 0.55 and a current ratio of 0.65. The company has a market cap of C$197.39 million, a PE ratio of -2.33, a PEG ratio of 0.64 and a beta of 0.19. The firm’s 50 day moving average is C$6.90 and its 200-day moving average is C$5.98. Tidewater Midstream and Infrastructure has a 52 week low of C$3.30 and a 52 week high of C$9.40.

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.