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Tidewater Midstream and Infrastructure (TSE:TWM) Price Target Raised to C$6.00

Tidewater Midstream and Infrastructure logo with Energy background

Key Points

  • Scotiabank has raised the price target for Tidewater Midstream and Infrastructure from C$0.30 to C$6.00, suggesting a potential upside of 27.66% from the previous close.
  • Tidewater's stock price recently traded down 3.5% to C$4.70, with a trading volume significantly below its average.
  • The company has a market capitalization of C$101.50 million and a debt-to-equity ratio of 183.03, indicating potential financial risks.
  • MarketBeat previews top five stocks to own in October.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) had its price target boosted by equities researchers at Scotiabank from C$0.30 to C$6.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. Scotiabank's price objective would indicate a potential upside of 27.12% from the stock's current price.

Tidewater Midstream and Infrastructure Price Performance

TSE TWM traded up C$0.22 on Wednesday, reaching C$4.72. The company's stock had a trading volume of 64,419 shares, compared to its average volume of 434,936. Tidewater Midstream and Infrastructure has a twelve month low of C$0.10 and a twelve month high of C$5.00. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The stock has a market cap of C$101.93 million, a PE ratio of -1.82, a PEG ratio of 0.64 and a beta of -0.10. The firm's 50 day moving average is C$4.47 and its two-hundred day moving average is C$4.50.

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.

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