National Bank Financial Upgrades Tidewater Midstream and Infrastructure (TSE:TWM) to “Sector Perform”

Tidewater Midstream and Infrastructure (TSE:TWM) was upgraded by investment analysts at National Bank Financial from an “underperform” rating to a “sector perform” rating in a note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a C$9.50 price objective on the stock, up from their prior price objective of C$4.50. National Bank Financial’s price objective indicates a potential upside of 3.94% from the stock’s previous close.

TWM has been the subject of several other reports. Scotiabank boosted their price objective on Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a research report on Friday. ATB Cormark Capital Markets raised their target price on Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Royal Bank Of Canada boosted their price target on Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a research report on Friday. Four analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of C$9.10.

Tidewater Midstream and Infrastructure Stock Performance

Tidewater Midstream and Infrastructure stock traded down C$0.04 during midday trading on Friday, reaching C$9.14. 29,760 shares of the stock traded hands, compared to its average volume of 22,752. Tidewater Midstream and Infrastructure has a fifty-two week low of C$3.30 and a fifty-two week high of C$9.40. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 192.11. The firm has a market cap of C$197.39 million, a price-to-earnings ratio of -2.33, a PEG ratio of 0.64 and a beta of 0.19. The firm has a fifty day moving average price of C$6.90 and a two-hundred day moving average price of C$5.98.

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.