Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 0.3% - Should You Sell?

Key Points

• Tidewater Midstream and Infrastructure shares fell 0.3% to C$21.35, while trading volume rose 45% above the average daily volume.
• Analysts remain cautiously optimistic, with a consensus rating of “Moderate Buy” and an average price target of C$23.60; recent targets range from C$21 to C$27.
• The company reported C$552.1 million in quarterly revenue and C$0.56 EPS, but its financial profile includes a high debt-to-equity ratio of 309.29%, negative net margin, and negative return on equity.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) was down 0.3% during trading on Monday . The company traded as low as C$21.00 and last traded at C$21.35. 98,894 shares traded hands during mid-day trading, an increase of 45% from the average daily volume of 68,219 shares. The stock had previously closed at C$21.41.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TWM shares. Scotiabank lifted their price target on 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. Scotia upped their target price on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a "sector perform" rating in a research note on Friday, August 14th. Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure from a "hold" rating to a "moderate buy" rating in a report on Sunday, August 16th. ATB Cormark Capital Markets raised their price target 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 report on Friday, August 14th. Finally, 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 report on Friday, August 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure has a consensus rating of "Moderate Buy" and an average price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Down 0.3%

The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 309.29. The company has a fifty day simple moving average of C$20.48 and a 200-day simple moving average of C$15.66. The firm has a market cap of C$468.33 million, a P/E ratio of -6.07, a price-to-earnings-growth ratio of 0.64 and a beta of 0.05.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 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$552.10 million for the quarter. On average, equities analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.