Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 12-Month High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as C$6.50 and last traded at C$6.49, with a volume of 42774 shares traded. The stock had previously closed at C$5.89.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TWM shares. ATB Cormark Capital Markets lowered shares of Tidewater Midstream and Infrastructure from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Scotiabank raised their price target on shares of Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the company a “sector perform” rating in a research report on Monday, October 20th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure has an average rating of “Reduce” and a consensus target price of C$5.67.

Tidewater Midstream and Infrastructure Price Performance

The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The firm has a market capitalization of C$139.29 million, a PE ratio of -1.64, a PEG ratio of 0.64 and a beta of -0.50. The stock has a 50-day moving average price of C$5.41 and a 200 day moving average price of C$5.35.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings results on Thursday, November 13th. The company reported C($0.69) earnings per share (EPS) for the quarter. The company had revenue of C$353.90 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 19.93% and a negative return on equity of 119.01%. Equities analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal year.

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.