Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Analyst sentiment is “Moderate Buy”: Four of six covering analysts rate Tidewater Midstream a buy, while two recommend hold; the average 12-month price target is C$28.79.
• Several brokerages raised their targets, including RBC to C$35 and Acumen Capital to C$35.75; both maintained positive ratings.
• Shares traded at C$26.66, near the 12-month high of C$26.94. The company reported a quarterly loss of C$1.19 per share on revenue of C$628.2 million.

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) have received an average rating of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$28.79.

A number of brokerages have commented on TWM. 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 report on Friday, August 14th. ATB Cormark Capital Markets lifted their target price on 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. Royal Bank Of Canada lifted their target price on Tidewater Midstream and Infrastructure from C$30.00 to C$35.00 and gave the stock an "outperform" rating in a report on Friday. Acumen Capital boosted their target price on shares of Tidewater Midstream and Infrastructure from C$28.75 to C$35.75 and gave the company a "speculative buy" rating in a research report on Friday. Finally, Scotiabank upped their price target 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 research note on Tuesday, July 21st.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TSE:TWM traded up C$0.63 during trading on Friday, reaching C$26.66. 129,663 shares of the stock were exchanged, compared to its average volume of 74,054. Tidewater Midstream and Infrastructure has a 12 month low of C$4.49 and a 12 month high of C$26.94. The firm has a market cap of C$584.81 million, a PE ratio of -7.57, a PEG ratio of 0.64 and a beta of -0.33. The stock has a 50-day moving average price of C$23.46 and a 200-day moving average price of C$16.46. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 309.29.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last announced its earnings results on Thursday, November 12th. The company reported C($1.19) earnings per share for the quarter. The firm had revenue of C$628.20 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%. Research analysts expect that Tidewater Midstream and Infrastructure will post 0.02 EPS 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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