Tidewater Midstream and Infrastructure (TSE:TWM) Reaches New 52-Week High – Should You Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$25.43 and last traded at C$25.43, with a volume of 37729 shares trading hands. The stock had previously closed at C$24.30.

Analyst Ratings Changes

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

Tidewater Midstream and Infrastructure Stock Performance

The company has a market capitalization of C$540.06 million, a P/E ratio of -6.99, a P/E/G ratio of 0.64 and a beta of -0.19. 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 business’s fifty day simple moving average is C$22.10 and its 200-day simple moving average is C$17.71.

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