AltaCorp Captial Reiterates a Buy Rating on Tidewater Midstream and Infrastructure

By Carrie Williams

Tidewater Midstream and Infrastructure (TSXV: TWM), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Dirk Lever from AltaCorp Captial rated Tidewater Midstream and Infrastructure (TSXV: TWM) a Buy, setting a C$2.25 price target.

According to TipRanks.com, Lever is ranked #475 out of 4561 analysts.

Currently, the analyst consensus on Tidewater Midstream and Infrastructure is Moderate Buy and the average price target is C$1.97, representing a 49.2% upside.

In a report released today, Desjardins also reiterated a Buy rating on the stock with a C$2 price target.

The company has a one year high of C$1.74 and a one year low of C$1.21. Currently, Tidewater Midstream and Infrastructure has an average volume of 598.6K.

Tidewater Midstream & Infrastructure Ltd. engages in purchasing, selling and transportation of natural gas liquids throughout North America and export to overseas markets. The company also engages in the acquisition and development of oil and gas infrastructure, including gas plants, pipelines, NGLs by rail, export terminals and storage facilities. Its midstream and infrastructure activities include gathering, processing and transportation, marketing and extraction of natural gas and NGL. The company was founded on February 4, 2015 and is headquartered in Calgary, Canada.

The company’s shares closed last Monday at $1.32.