Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$26.00 at ATB Cormark Capital Markets

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price boosted by ATB Cormark Capital Markets from C$24.00 to C$26.00 in a report released on Friday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Other analysts also recently issued reports about the company. Scotia upped their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Friday. Scotiabank boosted their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada increased their price objective on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Finally, National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and raised their target price for the company from C$17.00 to C$25.00 in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$23.60.

Tidewater Midstream and Infrastructure Price Performance

Shares of TSE TWM opened at C$22.32 on Friday. The business has a fifty day moving average price of C$18.68 and a two-hundred day moving average price of C$13.37. The stock has a market capitalization of C$489.10 million, a PE ratio of -4.50, a P/E/G ratio of 0.64 and a beta of 0.09. The company has a debt-to-equity ratio of 368.12, a current ratio of 0.91 and a quick ratio of 0.55. Tidewater Midstream and Infrastructure has a fifty-two week low of C$4.00 and a fifty-two week high of C$23.12.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) 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 business had revenue of C$552.10 million for the quarter. As a group, equities analysts predict 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.