Tidewater Midstream and Infrastructure (TSE:TWM) Hits New 1-Year High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price hit a new 52-week high on Monday . The company traded as high as C$24.58 and last traded at C$24.58, with a volume of 47212 shares. The stock had previously closed at C$23.92.

Analyst Ratings Changes

Several research analysts have commented on the company. ATB Cormark Capital Markets raised their price objective on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Scotia upped their target price on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. National Bank Financial increased their target price on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Royal Bank Of Canada upgraded Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a report on Sunday, August 16th. Finally, Scotiabank boosted their price target 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. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$23.60.

Tidewater Midstream and Infrastructure Stock Performance

The firm has a market capitalization of C$539.63 million, a price-to-earnings ratio of -6.99, a price-to-earnings-growth ratio of 0.64 and a beta of 0.05. The company has a debt-to-equity ratio of 309.29, a quick ratio of 0.55 and a current ratio of 0.93. The stock’s fifty day moving average is C$20.89 and its two-hundred day moving average is C$16.08.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. The company had revenue of C$552.10 million during the quarter. Analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 earnings per share for the current 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.