Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 52-Week High – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares hit a new 52-week high on Thursday . The company traded as high as C$22.95 and last traded at C$22.28, with a volume of 89034 shares. The stock had previously closed at C$21.36.

Wall Street Analyst Weigh In

TWM has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price objective on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets raised their target price on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Thursday, July 9th. Scotia lifted their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. National Bank Financial upgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$17.00 to C$25.00 in a report on Tuesday, July 21st. Finally, Scotiabank upped 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. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$20.00.

Tidewater Midstream and Infrastructure Trading Down 1.1%

The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12. The company has a market cap of C$462.80 million, a PE ratio of -4.26, a P/E/G ratio of 0.64 and a beta of 0.09. The business’s 50-day simple moving average is C$18.49 and its 200-day simple moving average is C$13.20.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. The company had revenue of C$552.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 54.09% and a negative net margin of 7.71%. As a group, analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS 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.