Could Tidewater Midstream & Infrastructure Ltd Change Direction After Reaching 52-Week High?

 Could Tidewater Midstream & Infrastructure Ltd Change Direction After Reaching 52 Week High?

The stock of Tidewater Midstream & Infrastructure Ltd (CVE:TWM) hit a new 52-week high and has $1.79 target or 5.00% above today’s $1.70 share price. The 9 months bullish chart indicates low risk for the $483.81M company. The 1-year high was reported on Nov, 30 by If the $1.79 price target is reached, the company will be worth $24.19M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 190,100 shares traded hands. Tidewater Midstream & Infrastructure Ltd (CVE:TWM) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

Tidewater Midstream & Infrastructure Ltd (CVE:TWM) Ratings Coverage

Out of 3 analysts covering Tidewater Midstream and Infrastructure Ltd (CVE:TWM), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $2.40 is the highest target while $2 is the lowest. The $2.16 average target is 27.06% above today’s ($1.7) stock price. Tidewater Midstream and Infrastructure Ltd has been the topic of 6 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Acumen Capital initiated Tidewater Midstream & Infrastructure Ltd (CVE:TWM) rating on Thursday, August 6. Acumen Capital has “Buy” rating and $2.40 price target. The rating was maintained by National Bank Canada on Thursday, November 19 with “Outperform”. Scotia Capital maintained Tidewater Midstream & Infrastructure Ltd (CVE:TWM) on Wednesday, November 16 with “Outperform” rating. On Tuesday, July 28 the stock rating was initiated by IBC with “Outperform”. National Bank Canada initiated it with “Outperform” rating and $2.25 target price in Thursday, September 3 report.

More recent Tidewater Midstream & Infrastructure Ltd (CVE:TWM) news were published by: which released: “BRIEF-Tidewater Midstream and Infrastructure Ltd. announces strategic core…” on November 16, 2016. Also published the news titled: “Tidewater Midstream and Infrastructure Ltd. Announces Second Quarter 2016 Results” on August 15, 2016.‘s news article titled: “BRIEF-Tidewater Midstream and Infrastructure announces Q3 results” with publication date: November 15, 2016 was also an interesting one.

Tidewater Midstream and Infrastructure Ltd is a Canada company, which is focused on the purchase, sale and transportation of natural gas liquids across North America and export to overseas markets. The company has a market cap of $483.81 million. It is engaged in the acquisition and development of gas and oil infrastructure, including gas plants, pipelines, NGLs by rail, export terminals and storage facilities. It has a 18.79 P/E ratio. It holds interests in AltaGas, Peace River Arch Area and Acheson Gas Plant.

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