Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 1-Year High – Still a Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week high during trading on Thursday . The company traded as high as C$22.95 and last traded at C$22.28, with a volume of 89034 shares traded. The stock had previously closed at C$21.36.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TWM shares. ATB Cormark Capital Markets upped their target price on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada lifted their price target 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 research report on Friday, May 8th. Scotiabank boosted 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 research note on Tuesday, July 21st. Scotia increased their price objective on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a report on Friday. Finally, National Bank Financial increased their price objective on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Tidewater Midstream and Infrastructure presently has a consensus rating of “Hold” and an average target price of C$23.60.

Tidewater Midstream and Infrastructure Trading Up 1.8%

The business has a 50 day moving average of C$18.68 and a 200 day moving average of C$13.37. The firm has a market capitalization of C$489.10 million, a price-to-earnings ratio of -4.50, a PEG 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 (TSE:TWM) last released its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%.The firm had revenue of C$552.10 million for the quarter. As a group, research analysts predict that Tidewater Midstream and Infrastructure Ltd. 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.