Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 12-Month High – Here’s What Happened

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) reached a new 52-week high during trading on Thursday . The stock traded as high as C$18.38 and last traded at C$17.94, with a volume of 104407 shares changing hands. The stock had previously closed at C$17.61.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. ATB Cormark Capital Markets lifted their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Scotia lifted their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted their target price on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial boosted their target price on Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Finally, Scotiabank boosted their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$17.20.

Tidewater Midstream and Infrastructure Trading Up 0.2%

The company has a market cap of C$394.58 million, a PE ratio of -3.63, a price-to-earnings-growth ratio of 0.64 and a beta of 0.10. The company has a quick ratio of 0.55, a current ratio of 0.91 and a debt-to-equity ratio of 368.12. The business has a 50-day simple moving average of C$14.43 and a 200-day simple moving average of C$9.08.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, May 7th. The company reported C($1.24) earnings per share (EPS) for the quarter. The firm had revenue of C$385.60 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. On average, analysts predict that Tidewater Midstream and Infrastructure Ltd. 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.