Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$17.84 and last traded at C$17.10, with a volume of 41497 shares traded. The stock had previously closed at C$17.68.
Analysts Set New Price Targets
Several analysts recently commented on the stock. 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. National Bank Financial raised their price target on shares of Tidewater Midstream and Infrastructure from C$9.50 to C$15.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price target on shares of Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Scotiabank raised 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. Finally, Scotia 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. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$16.80.
Check Out Our Latest Research Report on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Stock Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last issued its quarterly earnings data on Thursday, March 26th. The company reported C($1.38) earnings per share for the quarter. The business had revenue of C$314.10 million for the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 7.71% and a negative return on equity of 54.09%. As a group, research analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current 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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