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

Tidewater Midstream and Infrastructure (TSE:TWM) was upgraded by National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Tuesday,BayStreet.CA reports. The firm presently has a C$25.00 price objective on the stock, up from their prior price objective of C$17.00. National Bank Financial’s price target indicates a potential upside of 19.50% from the company’s current price.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada raised their price objective 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 boosted their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. Scotia increased their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Scotiabank raised their price target on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and an average target price of C$20.00.

Tidewater Midstream and Infrastructure Trading Up 7.2%

Shares of Tidewater Midstream and Infrastructure stock traded up C$1.41 during trading on Tuesday, reaching C$20.92. The company’s stock had a trading volume of 176,334 shares, compared to its average volume of 53,340. 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 has a 52-week low of C$4.00 and a 52-week high of C$21.37. The firm’s 50-day moving average is C$17.30 and its two-hundred day moving average is C$11.39. The company has a market cap of C$458.42 million, a price-to-earnings ratio of -4.22, a PEG ratio of 0.64 and a beta of 0.11.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, May 7th. The company reported C($1.24) EPS for the quarter. The business had revenue of C$385.60 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%. On average, sell-side analysts anticipate 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.