Tidewater Midstream and Infrastructure (TSE:TWM – Free Report) had its price target upped by Scotiabank from C$17.00 to C$21.00 in a report released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.
A number of other analysts have also issued reports on TWM. Royal Bank Of Canada increased their target price on Tidewater Midstream and Infrastructure from C$11.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. National Bank Financial upgraded Tidewater Midstream and Infrastructure from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$17.00 to C$25.00 in a report on Tuesday. ATB Cormark Capital Markets upped their price target on Tidewater Midstream and Infrastructure from C$17.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Thursday, July 9th. Finally, Scotia increased their price objective on Tidewater Midstream and Infrastructure from C$9.00 to C$17.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$20.00.
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Tidewater Midstream and Infrastructure Stock 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) 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 firm had revenue of C$385.60 million during the quarter. As a group, equities research analysts predict 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.
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