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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week high on Monday . The stock traded as high as C$19.01 and last traded at C$19.00, with a volume of 95550 shares traded. The stock had previously closed at C$18.00.

Wall Street Analysts Forecast Growth

TWM has been the subject of several research reports. Scotia increased their price objective on shares of 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. Scotiabank boosted their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. National Bank Financial upped their target price on shares of Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Royal Bank Of Canada increased their price target 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 report on Friday, May 8th. Finally, ATB Cormark Capital Markets lifted their price target on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and a consensus target price of C$17.60.

Tidewater Midstream and Infrastructure Stock Performance

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 stock has a market capitalization of C$417.44 million, a PE ratio of -3.84, a P/E/G ratio of 0.64 and a beta of 0.11. The firm has a fifty day moving average price of C$16.98 and a two-hundred day moving average price of C$10.99.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($1.24) 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$385.60 million for the quarter. Research analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current year.

Tidewater Midstream and Infrastructure Company Profile

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.