Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) fell 0.3% during mid-day trading on Monday . The stock traded as low as C$21.00 and last traded at C$21.35. Approximately 98,894 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 68,219 shares. The stock had previously closed at C$21.41.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Tidewater Midstream and Infrastructure from C$17.00 to C$21.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada raised Tidewater Midstream and Infrastructure from a “hold” rating to a “moderate buy” rating in a report on Sunday, August 16th. ATB Cormark Capital Markets lifted their target price on Tidewater Midstream and Infrastructure from C$24.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Scotia upped their price objective on Tidewater Midstream and Infrastructure from C$21.00 to C$26.00 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Finally, National Bank Financial increased their target price on Tidewater Midstream and Infrastructure from C$25.00 to C$27.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tidewater Midstream and Infrastructure presently has an average rating of “Moderate Buy” and an average target price of C$23.60.
Tidewater Midstream and Infrastructure Stock Performance
Tidewater Midstream and Infrastructure (TSE:TWM – Get Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.56 earnings per share (EPS) for the quarter. The business had revenue of C$552.10 million during the quarter. Tidewater Midstream and Infrastructure had a negative net margin of 4.75% and a negative return on equity of 42.19%. On average, analysts expect 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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