Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 1-Year High - Should You Buy?

Key Points

• Tidewater Midstream and Infrastructure shares reached a new 52-week high of C$26.39, closing around C$26.27 after rising 6.7%.
• Analyst sentiment is generally positive: the stock has a consensus “Moderate Buy” rating, although its average target of C$23.60 is below the current price.
• The company reported C$0.56 in quarterly EPS and C$552.1 million in revenue, but remains financially leveraged, with a 309.29 debt-to-equity ratio, negative net margin, and negative return on equity.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$26.39 and last traded at C$26.27, with a volume of 90,301 shares traded. The stock had previously closed at C$24.82.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TWM shares. Scotia increased their price objective on shares of 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. ATB Cormark Capital Markets lifted their target price on shares of Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a "hold" rating to a "moderate buy" rating in a report on Sunday, August 16th. National Bank Financial increased 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 report on Friday, August 14th. Finally, Scotiabank upped their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Stock Up 6.7%

The business's 50-day moving average is C$22.30 and its two-hundred day moving average is C$17.94. The firm has a market capitalization of C$581.08 million, a price-to-earnings ratio of -7.53, a P/E/G ratio of 0.64 and a beta of -0.19. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. The firm had revenue of C$552.10 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%. On average, equities analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.02 earnings per share for the current year.

About Tidewater Midstream and Infrastructure

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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