Tidewater Midstream & Infrastructure (TSE:TWM) Given New C$1.85 Price Target at National Bank Financial

Tidewater Midstream & Infrastructure (TSE:TWM) had its target price dropped by equities researchers at National Bank Financial from C$2.10 to C$1.85 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 65.18% from the stock’s previous close.

Other analysts also recently issued reports about the stock. CIBC lowered their price target on shares of Tidewater Midstream & Infrastructure from C$2.05 to C$2.00 in a report on Friday, August 9th. Cfra lowered their price target on shares of Tidewater Midstream & Infrastructure from C$2.10 to C$1.85 in a report on Wednesday.

Shares of TWM stock traded down C$0.01 during trading hours on Wednesday, hitting C$1.12. The company’s stock had a trading volume of 1,462,390 shares, compared to its average volume of 428,233. The stock has a 50 day simple moving average of C$1.33. The stock has a market cap of $395.18 million and a PE ratio of 45.20. The company has a debt-to-equity ratio of 104.95, a quick ratio of 0.38 and a current ratio of 0.45. Tidewater Midstream & Infrastructure has a 12-month low of C$1.09 and a 12-month high of C$1.57.

Tidewater Midstream & Infrastructure (TSE:TWM) last released its quarterly earnings data on Tuesday, May 14th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.01 by C($0.03). The firm had revenue of C$123.67 million for the quarter, compared to analyst estimates of C$74.80 million. Research analysts expect that Tidewater Midstream & Infrastructure will post 0.09 EPS for the current year.

About Tidewater Midstream & Infrastructure

Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.

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