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

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target raised by equities research analysts at Acumen Capital from C$28.75 to C$35.75 in a research report issued on Friday, BayStreet reports. The brokerage currently has a “speculative buy” rating on the stock. Acumen Capital‘s price objective indicates a potential upside of 34.25% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. National Bank Financial raised their price objective on shares of Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Royal Bank Of Canada upped their target price on shares of Tidewater Midstream and Infrastructure from C$30.00 to C$35.00 and gave the company an “outperform” rating in a report on Friday. Scotiabank boosted their price target on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets upped their price objective on shares of Tidewater Midstream and Infrastructure from C$26.00 to C$28.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. Finally, Scotia upped their price objective on shares of Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$28.79.

Tidewater Midstream and Infrastructure Stock Up 2.3%

Shares of TWM traded up C$0.60 during mid-day trading on Friday, reaching C$26.63. The company’s stock had a trading volume of 137,467 shares, compared to its average volume of 74,208. The company has a debt-to-equity ratio of 310.84, a current ratio of 0.56 and a quick ratio of 0.55. Tidewater Midstream and Infrastructure has a 12-month low of C$4.49 and a 12-month high of C$26.94. The stock has a market cap of C$584.16 million, a PE ratio of -7.57, a price-to-earnings-growth ratio of 0.64 and a beta of -0.33. The company’s 50 day moving average is C$23.59 and its 200 day moving average is C$16.56.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its earnings results on Thursday, November 12th. The company reported C($1.19) earnings per share for the quarter. The business had revenue of C$628.20 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 41.37% and a negative net margin of 3.63%. Equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.02 EPS for the current fiscal year.

Tidewater Midstream and Infrastructure News Roundup

Investors following TWM have been watching these news items:

• Positive Sentiment: Royal Bank of Canada lifted its target to C$35 from C$30 and maintained an “outperform” rating, adding to the analyst optimism around TWM.
• Positive Sentiment: TWM’s Q3 loss narrowed year over year, a sign of improvement, though the company still reported a quarterly loss. Q3 loss narrows year over year
• Negative Sentiment: The company reported a quarterly loss of C$1.19 per share on revenue of C$628.2 million; ongoing losses and negative profitability remain risks for investors. Q3 consolidated financial statements

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd. is traded on the TSX under the symbol ‘TWM’. Midstream’s business objective is to build a diversified midstream and infrastructure company across the North American gas processing, natural gas liquids (‘NGL’), petroleum refining, and renewables markets. Midstream’s strategy is to profitably grow and create shareholder value by acquiring and building high quality, strategically located infrastructure. To achieve its business objective, Midstream is focused on providing customers with a full service, vertically integrated value chain through the acquisition and development of energy infrastructure, including downstream facilities, natural gas processing facilities, NGL infrastructure, pipelines, storage, and various renewable initiatives.