ATB Cormark Capital Markets Issues Positive Forecast for Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price

Tidewater Midstream and Infrastructure (TSE:TWM) had its target price upped by ATB Cormark Capital Markets from C$17.00 to C$19.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

A number of other brokerages have also weighed in on TWM. Royal Bank Of Canada lifted their price target 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 note on Friday, May 8th. National Bank Financial increased their price objective on shares of Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st. Scotia boosted 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. Finally, Scotiabank upped their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a research report on Friday, May 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$17.60.

Tidewater Midstream and Infrastructure Price Performance

Tidewater Midstream and Infrastructure stock opened at C$17.50 on Thursday. Tidewater Midstream and Infrastructure has a 1 year low of C$4.00 and a 1 year high of C$18.41. The company has a current ratio of 0.91, a quick ratio of 0.55 and a debt-to-equity ratio of 368.12. The firm has a market capitalization of C$383.48 million, a P/E ratio of -3.53, a PEG ratio of 0.64 and a beta of 0.11. The business has a 50-day moving average of C$16.70 and a 200-day moving average of C$10.69.

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