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 upped by equities research analysts at National Bank Financial from C$15.00 to C$17.00 in a report released on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential downside of 2.63% from the stock’s previous close.

Several other brokerages also recently weighed in on TWM. Royal Bank Of Canada boosted their price objective on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Scotia boosted their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. ATB Cormark Capital Markets boosted their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Finally, Scotiabank boosted their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and a consensus price target of C$17.20.

Tidewater Midstream and Infrastructure Trading Up 4.9%

TWM stock traded up C$0.81 during midday trading on Monday, hitting C$17.46. The company had a trading volume of 38,181 shares, compared to its average volume of 48,412. 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 52 week low of C$3.60 and a 52 week high of C$18.37. The stock’s 50 day moving average price is C$12.63 and its 200 day moving average price is C$8.25. The stock has a market cap of C$381.43 million, a price-to-earnings ratio of -3.52, a PEG ratio of 0.64 and a beta of -0.10.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, May 7th. The company reported C($1.24) earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The company had revenue of C$385.60 million during the quarter. As a group, equities research analysts expect that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current fiscal year.

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.