Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 12-Month High - Time to Buy?

Key Points

• Tidewater Midstream hit a new 52-week high
• Analysts have raised targets and some ratings (notably upgrades from National Bank Financial), but the consensus remains a "Hold" with an average price target of C$9.63, substantially below the current share price.
• The company shows elevated financial risk with a debt-to-equity of 315.42 and low liquidity (current ratio 0.61, quick ratio 0.55), alongside a negative P/E, signaling caution despite the price rally.

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price hit a new 52-week high on Monday . The company traded as high as C$14.96 and last traded at C$14.75, with a volume of 21272 shares traded. The stock had previously closed at C$14.59.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TWM shares. Royal Bank Of Canada boosted their price objective on Tidewater Midstream and Infrastructure from C$10.00 to C$11.00 and gave the company a "sector perform" rating in a research note on Friday, March 27th. Scotiabank lifted their target price on Tidewater Midstream and Infrastructure from C$7.00 to C$9.00 and gave the stock a "sector perform" rating in a report on Friday, March 27th. ATB Cormark Capital Markets lifted their target price on 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, March 27th. Finally, National Bank Financial upgraded Tidewater Midstream and Infrastructure from a "strong sell" rating to a "hold" rating and increased their price target for the stock from C$4.50 to C$9.50 in a report on Friday, March 27th. Four analysts have rated the stock with a Hold rating, According to MarketBeat, Tidewater Midstream and Infrastructure has an average rating of "Hold" and an average price target of C$9.63.

Tidewater Midstream and Infrastructure Price Performance

The company has a debt-to-equity ratio of 315.42, a current ratio of 0.61 and a quick ratio of 0.55. The firm has a market capitalization of C$322.68 million, a price-to-earnings ratio of -2.85, a PEG ratio of 0.64 and a beta of -0.10. The business's fifty day simple moving average is C$9.30 and its 200 day simple moving average is C$6.82.

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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