Scotia Issues Positive Forecast for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price boosted by Scotia from C$21.00 to C$26.00 in a report issued on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also recently issued reports on TWM. ATB Cormark Capital Markets boosted their price target on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. National Bank Financial raised shares of Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$17.00 to C$25.00 in a report on Tuesday, July 21st. Scotiabank boosted their price target on shares of 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. Finally, Royal Bank Of Canada raised their price objective on shares of 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Tidewater Midstream and Infrastructure has a consensus rating of “Hold” and a consensus price target of C$23.60.

Tidewater Midstream and Infrastructure Stock Up 1.8%

TSE:TWM opened at C$22.32 on Friday. 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 stock’s fifty day moving average is C$18.68 and its two-hundred day moving average is C$13.37. Tidewater Midstream and Infrastructure has a 52 week low of C$4.00 and a 52 week high of C$23.12. The stock has a market capitalization of C$489.10 million, a price-to-earnings ratio of -4.50, a price-to-earnings-growth ratio of 0.64 and a beta of 0.09.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.56 earnings per share for the quarter. The business 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%. Research analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 EPS 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.