Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Expected to Rise, National Bank Financial Analyst Says

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price hoisted by National Bank Financial from C$9.50 to C$15.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential downside of 3.10% from the stock’s previous close.

Several other equities analysts also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a “sector perform” rating in a report on Friday, March 27th. ATB Cormark Capital Markets increased their price target on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Friday, March 27th. Scotiabank increased their price target on shares of Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a “sector perform” rating in a report on Friday, March 27th. Finally, Scotia raised their price objective on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$16.80.

Tidewater Midstream and Infrastructure Stock Performance

TSE:TWM traded up C$0.46 during midday trading on Friday, hitting C$15.48. The company’s stock had a trading volume of 185,018 shares, compared to its average volume of 40,356. Tidewater Midstream and Infrastructure has a fifty-two week low of C$3.60 and a fifty-two week high of C$15.97. The firm’s 50 day moving average is C$9.76 and its 200-day moving average is C$7.00. The company has a debt-to-equity ratio of 315.42, a current ratio of 0.61 and a quick ratio of 0.55. The firm has a market cap of C$337.51 million, a P/E ratio of -2.98, a P/E/G ratio of 0.64 and a beta of -0.10.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings results on Thursday, March 26th. The company reported C($1.38) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 49.98% and a negative net margin of 8.51%.The business had revenue of C$314.10 million during the quarter. Equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 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.