Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Expected to Rise, Acumen Capital Analyst Says

Key Points

• Acumen Capital raised its price target on Tidewater Midstream and Infrastructure to C$35.75 from C$28.75, maintaining a “speculative buy” rating; the new target implies 35.83% upside from the prior close.
• Other analysts also lifted targets, and the stock has a “Moderate Buy” consensus rating from four Buy and two Hold recommendations, with a consensus target of C$28.79.
• TWM traded at C$26.32 on Friday, near its 12-month high of C$26.94. Its latest quarter included a C$1.19 loss per share and C$628.2 million in revenue.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) had its price objective increased by analysts at Acumen Capital from C$28.75 to C$35.75 in a research report issued on Friday, BayStreet reports. The brokerage presently has a "speculative buy" rating on the stock. Acumen Capital's target price suggests a potential upside of 35.83% from the stock's previous close.

Several other research firms also recently commented on TWM. Royal Bank Of Canada increased their target price on Tidewater Midstream and Infrastructure from C$30.00 to C$35.00 and gave the company an "outperform" rating in a research report on Friday. National Bank Financial upped their price objective on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Scotia upped their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a "sector perform" rating in a research note 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, ATB Cormark Capital Markets boosted their target price on shares of Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the stock an "outperform" rating in a report on Friday, October 23rd. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has a consensus rating of "Moderate Buy" and a consensus target price of C$28.79.

Tidewater Midstream and Infrastructure Price Performance

TWM stock traded up C$0.29 during trading on Friday, reaching C$26.32. 76,703 shares of the company were exchanged, compared to its average volume of 73,830. The company has a 50-day moving average of C$23.46 and a two-hundred day moving average of C$16.46. The company has a market capitalization of C$577.36 million, a price-to-earnings ratio of -7.48, a P/E/G ratio of 0.64 and a beta of -0.33. Tidewater Midstream and Infrastructure has a twelve month low of C$4.49 and a twelve month high of C$26.94. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last issued its earnings results on Thursday, November 12th. The company reported C($1.19) earnings per share 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, equities analysts predict that Tidewater Midstream and Infrastructure will post 0.02 earnings per share for the current fiscal year.

Tidewater Midstream and Infrastructure Company Profile

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.

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