Tidewater Midstream and Infrastructure (TSE:TWM) Releases Quarterly Earnings Results

Tidewater Midstream and Infrastructure (TSE:TWM) announced its quarterly earnings data on Thursday. The company reported C$0.56 EPS for the quarter, FiscalAI reports. The firm had revenue of C$552.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%.

Tidewater Midstream and Infrastructure Trading Up 1.8%

Tidewater Midstream and Infrastructure stock opened at C$22.32 on Friday. 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 12 month low of C$4.00 and a 12 month high of C$23.12. The stock’s 50 day simple moving average is C$18.68 and its two-hundred day simple moving average is C$13.37. The firm has a market cap of C$489.10 million, a PE ratio of -4.50, a P/E/G ratio of 0.64 and a beta of 0.09.

Analyst Ratings Changes

Several research firms have recently commented on TWM. Royal Bank Of Canada lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Scotia increased their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a report on Friday. ATB Cormark Capital Markets upped their target price on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday. National Bank Financial raised their price target on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Scotiabank increased their price objective on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$23.60.

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.