Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$24.48 and last traded at C$23.39, with a volume of 226864 shares. The stock had previously closed at C$23.05.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Scotia raised their price objective on 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. Scotiabank increased their price target on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a "sector perform" rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets increased their price objective on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an "outperform" rating in a report on Friday, August 14th. 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 research note on Friday, August 14th. Finally, Royal Bank Of Canada upgraded shares of Tidewater Midstream and Infrastructure from a "hold" rating to a "moderate buy" rating in a research note on Sunday. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$23.60.
Check Out Our Latest Analysis on TWM
Tidewater Midstream and Infrastructure Price Performance
The company's 50-day moving average price is C$18.90 and its two-hundred day moving average price is C$13.67. The company has a debt-to-equity ratio of 309.29, a current ratio of 0.93 and a quick ratio of 0.55. The company has a market capitalization of C$512.55 million, a P/E ratio of -6.64, a price-to-earnings-growth ratio of 0.64 and a beta of 0.09.
Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.56 EPS for the quarter. The business had revenue of C$552.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. As a group, sell-side analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current year.
About Tidewater Midstream and Infrastructure
(
Get Free Report)
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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