Tidewater Midstream and Infrastructure Receives a Hold from RBC Capital

By Jason Carr

Wall Street analyst has provided a review for the Materials company yesterday, but retained the same rating on the stock. Analyst Robert Kwan from RBC Capital rated Tidewater Midstream and Infrastructure (TSXV: TWM) a Hold, setting a C$1.80 price target.

According to TipRanks.com, Kwan is a top 100 analyst with an average return of 12.2% and a 76.2% success rate. Kwan covers the Utilities sector, focusing on stocks such as Brookfield Infrastructure, Pattern Energy, and TransAlta.

Tidewater Midstream and Infrastructure has an analyst consensus of Moderate Buy, with a price target consensus of C$1.98.

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 557.2K.

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.,0FD49N-E

The company’s shares closed last Friday at $1.30.