Royal Bank Of Canada Forecasts Strong Price Appreciation for Tidewater Midstream and Infrastructure (TSE:TWM) Stock

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target lifted by equities research analysts at Royal Bank Of Canada from C$30.00 to C$35.00 in a research report issued on Friday, BayStreet reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective indicates a potential upside of 32.98% from the company’s current price.

A number of other research firms have also issued reports on TWM. ATB Cormark Capital Markets increased their price target on Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Scotia boosted their price target on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Scotiabank raised their price objective on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, National Bank Financial lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$28.79.

Tidewater Midstream and Infrastructure Stock Up 1.1%

Shares of TSE:TWM traded up C$0.29 during trading on Friday, hitting C$26.32. The company’s stock had a trading volume of 76,703 shares, compared to its average volume of 73,830. Tidewater Midstream and Infrastructure has a fifty-two week low of C$4.49 and a fifty-two week high of C$26.94. The business has a 50 day moving average price of C$23.46 and a two-hundred day moving average price of C$16.46. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93. The company has a market capitalization of C$577.36 million, a PE ratio of -7.48, a P/E/G ratio of 0.64 and a beta of -0.33.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings data on Thursday, November 12th. The company reported C($1.19) earnings per share (EPS) for the quarter. The company had revenue of C$628.20 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. As a group, research analysts expect that Tidewater Midstream and Infrastructure will post 0.02 EPS for the current fiscal year.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd. is traded on the TSX under the symbol ‘TWM’. Midstream’s business objective is to build a diversified midstream and infrastructure company across the North American gas processing, natural gas liquids (‘NGL’), petroleum refining, and renewables markets. Midstream’s strategy is to profitably grow and create shareholder value by acquiring and building high quality, strategically located infrastructure. To achieve its business objective, Midstream is focused on providing customers with a full service, vertically integrated value chain through the acquisition and development of energy infrastructure, including downstream facilities, natural gas processing facilities, NGL infrastructure, pipelines, storage, and various renewable initiatives.