Scotiabank Keeps Their Buy Rating on Tidewater Midstream and Infrastructure

By Jason Carr

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

Hope has an average return of 7.3% when recommending Tidewater Midstream and Infrastructure.

According to TipRanks.com, Hope is ranked #1131 out of 4721 analysts.

Tidewater Midstream and Infrastructure has an analyst consensus of Strong Buy, with a price target consensus of C$2.13.

The company has a one-year high of C$1.74 and a one-year low of C$1.24. Currently, Tidewater Midstream and Infrastructure has an average volume of 551.5K.

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.

The company’s shares closed on Thursday at C$1.60.