Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$23.46 and traded as high as C$26.94. Tidewater Midstream and Infrastructure shares last traded at C$26.03, with a volume of 336,470 shares.
Wall Street Analyst Weigh In
A number of analysts have issued reports on TWM shares. Scotia lifted their price target 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 report on Friday, August 14th. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a "hold" rating to a "moderate buy" rating in a research report on Sunday, August 16th. ATB Cormark Capital Markets lifted their price objective on Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Friday, October 23rd. National Bank Financial raised their target price on shares of 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. 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of "Moderate Buy" and a consensus target price of C$24.00.
Get Our Latest Research Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Trading Up 18.4%
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$570.99 million, a P/E ratio of -7.39, a PEG ratio of 0.64 and a beta of -0.33. The company's fifty day simple moving average is C$23.46 and its 200-day simple moving average is C$16.46.
Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last posted its quarterly earnings data on Thursday, November 12th. The company reported C($1.19) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%. The firm had revenue of C$628.20 million for the quarter. Research analysts predict that Tidewater Midstream and Infrastructure Ltd. will post 0.02 earnings per share for the current year.
About Tidewater Midstream and Infrastructure
(
Get Free Report)
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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