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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as C$26.39 and last traded at C$26.27, with a volume of 90,301 shares changing hands. The stock had previously closed at C$24.82.

Wall Street Analyst Weigh In

TWM has been the topic of several research reports. Scotia upped 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. Scotiabank boosted their price target on Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. 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 raised their target price 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. 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 company an “outperform” rating in a research note on Friday, August 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$23.60.

Tidewater Midstream and Infrastructure Price Performance

The company has a current ratio of 0.93, a quick ratio of 0.55 and a debt-to-equity ratio of 309.29. The firm has a market capitalization of C$581.08 million, a PE ratio of -7.53, a price-to-earnings-growth ratio of 0.64 and a beta of -0.19. The business has a 50-day moving average of C$22.30 and a 200 day moving average of C$17.94.

Tidewater Midstream and Infrastructure (TSE:TWM) last announced its earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 42.19% and a negative net margin of 4.75%. The firm had revenue of C$552.10 million during the quarter. As a group, research analysts anticipate that Tidewater Midstream and Infrastructure Ltd. will post 0.02 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.