Tidewater Midstream and Infrastructure (TSE:TWM) Given New C$28.00 Price Target at ATB Cormark Capital Markets

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective lifted by stock analysts at ATB Cormark Capital Markets from C$26.00 to C$28.00 in a note issued to investors on Friday, BayStreet reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets‘s target price points to a potential upside of 17.55% from the company’s previous close.

TWM has been the subject of several other reports. National Bank Financial lifted their price objective 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 note on Friday, August 14th. Scotiabank upped their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Scotia raised their target price on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Friday, August 14th. Finally, Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a research note on Sunday, August 16th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$24.00.

Tidewater Midstream and Infrastructure Stock Performance

Shares of Tidewater Midstream and Infrastructure stock traded up C$0.15 during midday trading on Friday, hitting C$23.82. The company had a trading volume of 26,199 shares, compared to its average volume of 69,775. The stock has a market cap of C$522.52 million, a price-to-earnings ratio of -6.77, a PEG ratio of 0.64 and a beta of -0.19. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 309.29. The company has a fifty day simple moving average of C$22.94 and a 200 day simple moving average of C$18.83. Tidewater Midstream and Infrastructure has a 12-month low of C$4.49 and a 12-month high of C$26.59.

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