Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month High – Should You Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares reached a new 52-week high during trading on Tuesday. The stock traded as high as C$26.39 and last traded at C$26.27, with a volume of 90,301 shares changing hands. The stock had previously closed at C$24.82.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TWM. Scotiabank raised their price target on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. ATB Cormark Capital Markets upped their price objective on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Scotia upped their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a research report on Sunday, August 16th. Finally, National Bank Financial increased their price objective on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Stock Performance

The stock has a 50-day moving average of C$22.55 and a 200 day moving average of C$18.18. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55. The stock has a market capitalization of C$567.48 million, a price-to-earnings ratio of -7.35, a price-to-earnings-growth ratio of 0.64 and a beta of -0.19.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. The company had revenue of C$552.10 million for the quarter. On average, analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.02 EPS 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.