Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Down 0.3% – Should You Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) traded down 0.3% on Monday . The company traded as low as C$21.00 and last traded at C$21.35. Approximately 98,894 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 68,219 shares. The stock had previously closed at C$21.41.

Wall Street Analyst Weigh In

TWM has been the subject of a number of research analyst reports. Royal Bank Of Canada raised shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a report on Sunday, August 16th. National Bank Financial boosted their price target 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, August 14th. Scotia increased their target price on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the company a “sector perform” rating in a research report on Friday, August 14th. ATB Cormark Capital Markets lifted their price target 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, August 14th. Finally, Scotiabank lifted their target price on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure presently has a consensus rating of “Moderate Buy” and an average target price of C$23.60.

Tidewater Midstream and Infrastructure Trading Down 0.3%

The company’s 50 day moving average price is C$20.48 and its two-hundred day moving average price is C$15.66. The firm has a market cap of C$468.33 million, a PE ratio of -6.07, a P/E/G ratio of 0.64 and a beta of 0.05. The company has a quick ratio of 0.55, a current ratio of 0.93 and a debt-to-equity ratio of 309.29.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its earnings results on Thursday, August 13th. The company reported C$0.56 EPS for the quarter. The firm had revenue of C$552.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%. As a group, sell-side analysts forecast that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current 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.