National Bank Financial Forecasts Strong Price Appreciation for Tidewater Midstream and Infrastructure (TSE:TWM) Stock

Key Points

• National Bank Financial raised its price target on Tidewater Midstream and Infrastructure to C$15.00 from C$9.50, while keeping a “sector perform” rating on the stock.
• Several other analysts also lifted their targets, and MarketBeat says the stock has an overall Hold rating with an average price target of C$16.80.
• The shares recently traded at C$15.48, near their 52-week high of C$15.97, after the company reported a quarterly loss of C$1.38 per share on revenue of C$314.1 million.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) had its price objective lifted by analysts at National Bank Financial from C$9.50 to C$15.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. National Bank Financial's price target would suggest a potential downside of 3.10% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets boosted their price target on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$9.00 and gave the stock a "sector perform" rating in a research report on Friday, March 27th. Royal Bank Of Canada upped their price objective on shares of Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the stock a "sector perform" rating in a research note on Friday, March 27th. Scotia upped their price objective on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a "sector perform" rating in a research note on Friday. Finally, Scotiabank upped their price objective on shares of Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a "sector perform" rating in a research note on Friday, March 27th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of "Hold" and an average price target of C$16.80.

Tidewater Midstream and Infrastructure Price Performance

Shares of Tidewater Midstream and Infrastructure stock traded up C$0.46 on Friday, hitting C$15.48. 185,018 shares of the company traded hands, compared to its average volume of 40,356. The stock has a market capitalization of C$337.51 million, a P/E ratio of -2.98, a price-to-earnings-growth ratio of 0.64 and a beta of -0.10. The company has a debt-to-equity ratio of 315.42, a quick ratio of 0.55 and a current ratio of 0.61. Tidewater Midstream and Infrastructure has a 52 week low of C$3.60 and a 52 week high of C$15.97. The business has a 50-day simple moving average of C$9.76 and a 200 day simple moving average of C$7.00.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last released its quarterly earnings data on Thursday, March 26th. The company reported C($1.38) earnings per share (EPS) for the quarter. The company had revenue of C$314.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 8.51% and a negative return on equity of 49.98%. Research analysts expect that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current fiscal 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.

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