Tidewater Midstream and Infrastructure (TSE:TWM) Sets New 1-Year High – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.84 and last traded at C$17.10, with a volume of 41497 shares changing hands. The stock had previously closed at C$17.68.

Analysts Set New Price Targets

Several research firms have issued reports on TWM. National Bank Financial boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Royal Bank Of Canada boosted 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. Scotia upped their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets upped their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Finally, Scotiabank upped their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$16.80.

Tidewater Midstream and Infrastructure Price Performance

The company has a debt-to-equity ratio of 368.12, a quick ratio of 0.55 and a current ratio of 0.91. The stock has a market capitalization of C$370.51 million, a PE ratio of -3.42, a PEG ratio of 0.64 and a beta of -0.10. The business has a 50 day moving average of C$12.11 and a two-hundred day moving average of C$8.03.

Tidewater Midstream and Infrastructure (TSE:TWM) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($1.24) earnings per share for the quarter. The company had revenue of C$385.60 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%. Analysts predict 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.