Tidewater Midstream & Infrastructure (TSE:TWM) had its target price hoisted by National Bank Financial from C$2.10 to C$2.25 in a research report report published on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.
Other equities research analysts also recently issued research reports about the stock. GMP Securities raised their price target on shares of Tidewater Midstream & Infrastructure from C$2.00 to C$2.25 in a research report on Tuesday, March 26th. AltaCorp Capital reissued an outperform rating on shares of Tidewater Midstream & Infrastructure in a research report on Wednesday, February 13th.
Shares of TWM traded down C$0.01 on Wednesday, hitting C$1.49. 600 shares of the stock traded hands, compared to its average volume of 441,122. The company has a market capitalization of $492.89 million and a P/E ratio of 24.83. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 75.88. Tidewater Midstream & Infrastructure has a one year low of C$1.20 and a one year high of C$1.57.
Tidewater Midstream & Infrastructure (TSE:TWM) last announced its quarterly earnings results on Thursday, March 14th. The company reported C$0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.02 by C$0.02. The firm had revenue of C$90.74 million for the quarter, compared to the consensus estimate of C$64.10 million. On average, sell-side analysts expect that Tidewater Midstream & Infrastructure will post 0.1 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, March 29th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 2.68%. The ex-dividend date was Thursday, March 28th. Tidewater Midstream & Infrastructure’s dividend payout ratio (DPR) is currently 66.67%.
About Tidewater Midstream & Infrastructure
Tidewater Midstream and Infrastructure Ltd., through its subsidiaries, engages in the gathering, processing, and transportation of natural gas liquids (NGLs) primarily in North America. The company transports ethane, propane, butane, and natural gasoline through gathering systems, processing plants, and pipelines.
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