Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 52-Week High Following Analyst Upgrade

Key Points

• Analyst upgrade drove a rally: Shares hit a new 52-week high after National Bank Financial upgraded TWM to "sector perform" and raised its target to C$9.50 (from C$4.50), while other firms (RBC C$11, ATB/Scotiabank C$9) also lifted targets, leaving a consensus price target of C$9.10; the stock traded as high as C$9.01 and last at C$8.70.
• Balance-sheet and valuation risks remain: Tidewater is small (market cap C$187.9M) with a very high debt-to-equity ratio (315.42), negative P/E (-2.21) and low liquidity ratios (quick 0.55, current 0.61), highlighting leverage and earnings challenges despite renewed analyst interest.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday after National Bank Financial upgraded the stock from an underperform rating to a sector perform rating. National Bank Financial now has a C$9.50 price target on the stock, up from their previous price target of C$4.50. Tidewater Midstream and Infrastructure traded as high as C$9.01 and last traded at C$8.70, with a volume of 87934 shares traded. The stock had previously closed at C$9.00.

Other research analysts have also recently issued reports about the stock. ATB Cormark Capital Markets lifted their target price 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 report on Friday. Scotiabank increased their price target on shares of Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the company a "sector perform" rating in a report on Friday. Finally, Royal Bank Of Canada raised their price target on shares of Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the company a "sector perform" rating in a research report on Friday. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of "Hold" and a consensus price target of C$9.10.

Tidewater Midstream and Infrastructure Trading Down 3.3%

The company has a debt-to-equity ratio of 315.42, a quick ratio of 0.55 and a current ratio of 0.61. The firm has a market cap of C$187.89 million, a PE ratio of -2.21, a price-to-earnings-growth ratio of 0.64 and a beta of 0.19. The stock has a 50-day simple moving average of C$6.96 and a two-hundred day simple moving average of C$6.02.

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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