Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$18.00 and last traded at C$17.78, with a volume of 54517 shares traded. The stock had previously closed at C$17.13.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on TWM. National Bank Financial raised their price objective on Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. Royal Bank Of Canada raised their price objective 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. Scotia raised their target price on shares of 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. Scotiabank raised their target price on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. Finally, ATB Cormark Capital Markets raised their target price on shares of 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. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of “Hold” and an average target price of C$16.80.
View Our Latest Stock Analysis on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last posted its earnings results on Thursday, March 26th. The company reported C($1.38) earnings per share (EPS) for the quarter. The company had revenue of C$314.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. Analysts predict that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal 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.
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