Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 52-Week High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$22.52 and last traded at C$22.14, with a volume of 55000 shares. The stock had previously closed at C$21.87.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TWM shares. Scotia raised their target price on 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, May 8th. ATB Cormark Capital Markets increased their price target on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Scotiabank increased their price target on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Tuesday. National Bank Financial raised shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$25.00 in a research note on Tuesday. Finally, Royal Bank Of Canada upped their target price on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and an average target price of C$20.00.

Tidewater Midstream and Infrastructure Stock Down 1.6%

The company has a debt-to-equity ratio of 368.12, a current ratio of 0.91 and a quick ratio of 0.55. The company has a fifty day moving average price of C$17.68 and a 200 day moving average price of C$11.80. The company has a market cap of C$466.09 million, a PE ratio of -4.29, a price-to-earnings-growth ratio of 0.64 and a beta of 0.11.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results 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, analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current 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.