Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Expected to Rise, Scotiabank Analyst Says

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.

Tidewater Midstream and Infrastructure (TSE:TWM - Get Free Report) had its price target raised by Scotiabank from C$0.30 to C$6.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's target price suggests a potential upside of 27.66% from the company's previous close.

Tidewater Midstream and Infrastructure Trading Down 3.5%

TWM traded down C$0.17 during trading on Wednesday, reaching C$4.70. The company had a trading volume of 6,108 shares, compared to its average volume of 441,481. 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 company has a market cap of C$101.50 million, a price-to-earnings ratio of -1.81, a PEG ratio of 0.64 and a beta of -0.13. Tidewater Midstream and Infrastructure has a 12-month low of C$0.10 and a 12-month high of C$5.00. The firm's 50-day simple moving average is C$0.31 and its 200 day simple moving average is C$0.26.

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.

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