Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$17.00

Key Points

• Scotiabank raised its price target on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00, implying about 9.8% upside from the current share price.
• Several other analysts also increased their targets, including RBC to C$18.00 and National Bank Financial to C$15.00, while the stock’s overall consensus rating remains Hold.
• The shares traded up to C$15.48 on Friday, near their 52-week high of C$15.97, but the company recently reported a C$1.38 per-share loss for the quarter.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) had its target price hoisted by equities researchers at Scotiabank from C$9.00 to C$17.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank's price target would suggest a potential upside of 9.82% from the company's current price.

TWM has been the subject of a number of other research reports. Scotia increased their price objective on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a "sector perform" rating in a research note on Friday. ATB Cormark Capital Markets lifted their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a "sector perform" rating in a report on Friday. Royal Bank Of Canada lifted their price target on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a "sector perform" rating in a report on Friday. Finally, National Bank Financial lifted their price target on shares of Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the company a "sector perform" rating in a report on Friday. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of "Hold" and an average target price of C$16.80.

Tidewater Midstream and Infrastructure Price Performance

Shares of TWM stock traded up C$0.46 during mid-day trading on Friday, reaching C$15.48. The company's stock had a trading volume of 185,018 shares, compared to its average volume of 40,356. Tidewater Midstream and Infrastructure has a 1-year low of C$3.60 and a 1-year high of C$15.97. The company has a market cap of C$337.51 million, a P/E ratio of -2.98, a PEG 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. The firm's 50-day moving average is C$9.76 and its two-hundred day moving average is C$7.00.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last announced its quarterly earnings data on Thursday, March 26th. The company reported C($1.38) earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 8.51% and a negative return on equity of 49.98%. The business had revenue of C$314.10 million during the quarter. On average, research analysts predict that Tidewater Midstream and Infrastructure 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.

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