Tidewater Midstream and Infrastructure (TSE:TWM) Rating Increased to Moderate Buy at Royal Bank Of Canada

Tidewater Midstream and Infrastructure (TSE:TWM) was upgraded by research analysts at Royal Bank Of Canada from a “hold” rating to a “moderate buy” rating in a research report issued on Sunday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. 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 note on Tuesday, July 21st. ATB Cormark Capital Markets boosted their target price on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday. Scotia upped their price target on 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. Finally, National Bank Financial lifted 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 research note on Friday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has a consensus rating of “Moderate Buy” and a consensus price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Performance

Shares of TSE:TWM opened at C$23.05 on Friday. The stock has a market capitalization of C$505.09 million, a P/E ratio of -6.55, a P/E/G ratio of 0.64 and a beta of 0.09. Tidewater Midstream and Infrastructure has a 1-year low of C$4.00 and a 1-year high of C$23.40. The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 309.29. The business has a 50-day moving average price of C$18.79 and a two-hundred day moving average price of C$13.55.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its 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 4.75% and a negative return on equity of 42.19%. The company had revenue of C$552.10 million for the quarter. Equities analysts predict that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share for the current year.

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.