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

Tidewater Midstream and Infrastructure (TSE:TWM) had its price target upped by investment analysts at ATB Cormark Capital Markets from C$6.00 to C$9.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target suggests a potential downside of 1.53% from the company’s current price.

Tidewater Midstream and Infrastructure Stock Down 0.4%

Shares of Tidewater Midstream and Infrastructure stock traded down C$0.04 during midday trading on Friday, hitting C$9.14. The company’s stock had a trading volume of 29,760 shares, compared to its average volume of 22,752. The firm has a market capitalization of C$197.39 million, a P/E ratio of -2.33, a PEG ratio of 0.64 and a beta of 0.19. The stock has a 50-day simple moving average of C$6.90 and a 200-day simple moving average of C$5.98. The company has a quick ratio of 0.55, a current ratio of 0.65 and a debt-to-equity ratio of 192.11. Tidewater Midstream and Infrastructure has a 1-year low of C$3.30 and a 1-year high of C$9.40.

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.