Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as C$18.38 and last traded at C$17.94, with a volume of 104407 shares traded. The stock had previously closed at C$17.61.
Wall Street Analysts Forecast Growth
TWM has been the subject of a number of analyst reports. Scotia increased their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. Scotiabank upped their price target on shares of Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 in a report on Friday, May 8th. National Bank Financial increased their price target on shares of Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. ATB Cormark Capital Markets raised their price target 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. Finally, Royal Bank Of Canada boosted their price objective 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 report on Friday, May 8th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$17.20.
Check Out Our Latest Research Report on TWM
Tidewater Midstream and Infrastructure Stock Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last released its quarterly 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 net margin of 7.71% and a negative return on equity of 54.09%. The company had revenue of C$385.60 million during the quarter. On average, equities analysts predict that Tidewater Midstream and Infrastructure Ltd. 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.
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