ATB Cormark Capital Markets Issues Positive Forecast for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

Tidewater Midstream and Infrastructure (TSE:TWM) had its price objective hoisted by equities research analysts at ATB Cormark Capital Markets from C$24.00 to C$26.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ target price points to a potential upside of 17.43% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. National Bank Financial raised shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and upped their price objective for the company from C$17.00 to C$25.00 in a research note on Tuesday, July 21st. Scotiabank lifted their price objective on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Scotia boosted their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Royal Bank Of Canada raised their target price on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Performance

TSE TWM traded up C$0.22 on Friday, reaching C$22.14. 87,109 shares of the company’s stock traded hands, compared to its average volume of 61,374. Tidewater Midstream and Infrastructure has a fifty-two week low of C$4.00 and a fifty-two week high of C$23.12. The company has a debt-to-equity ratio of 368.12, a quick ratio of 0.55 and a current ratio of 0.91. The firm has a market cap of C$485.15 million, a price-to-earnings ratio of -4.46, a P/E/G ratio of 0.64 and a beta of 0.09. The stock has a 50 day moving average price of C$18.58 and a 200-day moving average price of C$13.31.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The firm had revenue of C$552.10 million for the quarter. Equities research analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 EPS for the current fiscal year.

About Tidewater Midstream and Infrastructure

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.