Stocks

Why Tidewater Midstream and Infrastructure Ltd stock is rising today

By Wealth Awesome Newsroom -
Stocks & ETFs:TWM.TO
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Tidewater Midstream and Infrastructure Ltd (TWM.TO) saw its stock price rise by 2.93% in the latest trading session, closing at CA$17.24. This increase comes amid significant corporate developments that may have boosted investor confidence.

Investor takeaway: Keep an eye on Tidewater's strategic acquisitions and operational updates, as these could impact future performance and stock value.

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Tidewater Midstream and Infrastructure Ltd

TWM.TO

Full stock page โ†’

TWM.TO

Tidewater Midstream and Infrastructure Ltd

Source:WealthAwesomeWealthAwesome
โ†‘ $11.02 (192.32%)
120 day period
$5.60$11.80$18.01Jan 13Apr 13Jul 7

Market cap

$367.05M

52W high

$98.00

52W low

$4.00

1W change

-1.06%

Beta

0.75

Analyst Price Targets

Based on analyst covering TWM

๐Ÿ“ˆ

Wall Street analysts forecast TWM stock price to rise 4.8% over the next 12 months.

Consensus

No Rating

Avg. Target

C$17.55

+4.8% Upside

Current Price

C$16.75

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on TWM's historical volatility

HistoricalForecast68%95%
C$7.31C$12.17C$17.02C$21.88C$26.73C$31.59TodayFeb 25May 4Jul 7Aug 19Oct 2Nov 14

30-Day Vol

35.7%

Annualized

90-Day Vol

49.8%

Annualized

Trend (90d)

+50.0%

Annualized drift

90d Mean

C$20.02

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$17.78C$15.72 โ€“ C$20.11
60 trading daysC$18.87C$15.85 โ€“ C$22.45
90 trading daysC$20.02C$16.18 โ€“ C$24.78

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Tidewater's Stock Climbs 2.93% in One Day

With a market cap of CA$367 million, Tidewater's stock movement reflects growing investor confidence, but the company still faces challenges with profitability.

Bull case

The recent acquisition of the North Segment of the Western Pipeline System could strengthen Tidewater's infrastructure, potentially leading to better revenue streams and operational efficiencies. This move enhances the company's ability to connect the Prince George Refinery to crude supplies, which is crucial for its operational efficiency. Investors are likely optimistic about the potential for increased revenue and improved margins from this expansion.

Bear case

Despite the recent gains, Tidewater's history of net losses raises concerns about its profitability and long-term sustainability, especially in a volatile energy market. Investors should remain cautious as the company navigates these challenges.

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