Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) shares traded down 1.5% during trading on Thursday . The stock traded as low as C$16.29 and last traded at C$16.67. 47,960 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 52,590 shares. The stock had previously closed at C$16.93.
Analyst Upgrades and Downgrades
TWM has been the subject of a number of research analyst reports. Royal Bank Of Canada upped their target price 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 research note on Friday, May 8th. 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. ATB Cormark Capital Markets 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. National Bank Financial increased their price objective on Tidewater Midstream and Infrastructure from C$15.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Finally, Scotiabank lifted their target price 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, Tidewater Midstream and Infrastructure has a consensus rating of “Hold” and a consensus price target of C$17.20.
Get Our Latest Analysis on Tidewater Midstream and Infrastructure
Tidewater Midstream and Infrastructure Price Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported C($1.24) earnings per share (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 business had revenue of C$385.60 million during the quarter. On average, equities research analysts predict 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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