In a latest note to investors, a research analyst has provided a rating update for the Tidewater Midstream and Infrastructure (TWM – Research Report). Today, an analyst has provided a rating update for the NA sector company, Tidewater Midstream and Infrastructure (TSX: TWM).
According to TipRanks.com, Hope is a 5-star analyst with an average return of 9.2% and a 62.1% success rate. Hope covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners, Algonquin Power & Utilities, and TransAlta.
Currently, the analyst consensus on Tidewater Midstream and Infrastructure is a Moderate Buy with an average price target of C$1.34.
Based on Tidewater Midstream and Infrastructure’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$509 million and GAAP net loss of C$6.4 million. In comparison, last year the company earned revenue of C$794 million and had a net profit of C$61.1 million.
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 relating to the production of natural gas and NGLs, the retail propane business and railcar rental.
The company’s shares closed last Thursday at C$0.94.
