Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 1-Year High - What's Next?

Key Points

• Tidewater Midstream and Infrastructure shares reached a new 52-week high, trading as high as C$10.85 and last at C$10.72 (up about 5.8%).
• Several analysts raised price targets on March 27, but the stock maintains a consensus Hold rating with an average target of C$9.63, which is below the current price.
• The company shows high leverage and weak liquidity — market cap C$235.3M, negative P/E, a debt-to-equity of 315%, and low current/quick ratios (0.61/0.55).

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as C$10.85 and last traded at C$10.72, with a volume of 21496 shares traded. The stock had previously closed at C$10.25.

Wall Street Analysts Forecast Growth

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

Tidewater Midstream and Infrastructure Trading Up 5.8%

The company has a market cap of C$235.25 million, a price-to-earnings ratio of -2.09, a P/E/G ratio of 0.64 and a beta of -0.20. 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's fifty day moving average price is C$7.68 and its 200-day moving average price is C$6.25.

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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