Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 12-Month High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$11.78 and last traded at C$11.77, with a volume of 3826 shares traded. The stock had previously closed at C$11.75.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TWM shares. National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure from a “strong sell” rating to a “hold” rating and raised their price target for the stock from C$4.50 to C$9.50 in a research note on Friday, March 27th. Royal Bank Of Canada upped their price objective on Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the company a “sector perform” rating in a research note on Friday, March 27th. ATB Cormark Capital Markets increased their price objective on Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the company a “sector perform” rating in a report on Friday, March 27th. Finally, Scotiabank boosted their target price on Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the company a “sector perform” rating in a research note on Friday, March 27th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$9.63.

Tidewater Midstream and Infrastructure Price Performance

The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 315.42. The stock has a market cap of C$265.34 million, a P/E ratio of -2.34, a price-to-earnings-growth ratio of 0.64 and a beta of -0.20. The business’s 50-day simple moving average is C$8.75 and its two-hundred day simple moving average is C$6.62.

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.