Tidewater Midstream and Infrastructure (TSE:TWM) Stock Rating Upgraded by National Bank Financial

Tidewater Midstream and Infrastructure (TSE:TWM) was upgraded by analysts at National Bank Financial from a “hold” rating to an “outperform” rating in a research note issued to investors on Tuesday, Marketbeat reports. The firm presently has a C$25.00 price objective on the stock, up from their previous price objective of C$17.00. National Bank Financial’s price target indicates a potential upside of 14.31% from the company’s previous close.

A number of other analysts have also recently issued reports on TWM. ATB Cormark Capital Markets lifted their price objective 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. Scotiabank upped their target price on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. Royal Bank Of Canada raised their price target on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Finally, Scotia lifted their price target on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and a consensus price target of C$20.00.

Tidewater Midstream and Infrastructure Stock Up 5.2%

TWM stock opened at C$21.87 on Tuesday. Tidewater Midstream and Infrastructure has a 12-month low of C$4.00 and a 12-month high of C$22.34. 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 company has a market cap of C$479.24 million, a price-to-earnings ratio of -4.41, a PEG ratio of 0.64 and a beta of 0.11. The company has a 50 day moving average of C$17.51 and a two-hundred day moving average of C$11.62.

Tidewater Midstream and Infrastructure (TSE:TWM) last posted its quarterly earnings results on Thursday, May 7th. The company reported C($1.24) EPS for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. The company had revenue of C$385.60 million for the quarter. On average, equities analysts anticipate that Tidewater Midstream and Infrastructure will post 0.0199855 earnings per share 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.