Tidewater Midstream And Stock Book Value Per Share

TWM Stock  CAD 0.13  0.01  7.14%   
Tidewater Midstream and fundamentals help investors to digest information that contributes to Tidewater Midstream's financial success or failures. It also enables traders to predict the movement of Tidewater Stock. The fundamental analysis module provides a way to measure Tidewater Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Tidewater Midstream stock.
Last ReportedProjected for Next Year
Book Value Per Share 0.80  1.10 
Tangible Book Value Per Share 0.80  1.10 
As of the 12th of December 2024, Book Value Per Share is likely to grow to 1.10. Also, Tangible Book Value Per Share is likely to grow to 1.10.
  
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Tidewater Midstream and Company Book Value Per Share Analysis

Tidewater Midstream's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Book Value per Share

 = 

Common Equity

Average Shares

More About Book Value Per Share | All Equity Analysis

Current Tidewater Midstream Book Value Per Share

    
  0.73 X  
Most of Tidewater Midstream's fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tidewater Midstream and is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Tidewater Book Value Per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Tidewater Midstream is extremely important. It helps to project a fair market value of Tidewater Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Tidewater Midstream's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Tidewater Midstream's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Tidewater Midstream's interrelated accounts and indicators.
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Competition

Tidewater Common Stock Shares Outstanding

Common Stock Shares Outstanding

379.14 Million

At this time, Tidewater Midstream's Common Stock Shares Outstanding is very stable compared to the past year.
In accordance with the recently published financial statements, the book value per share of Tidewater Midstream and is about 0.727 times. This is 96.99% lower than that of the Oil, Gas & Consumable Fuels sector and 93.49% lower than that of the Energy industry. The book value per share for all Canada stocks is 99.96% higher than that of the company.

Tidewater Book Value Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Tidewater Midstream's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Tidewater Midstream could also be used in its relative valuation, which is a method of valuing Tidewater Midstream by comparing valuation metrics of similar companies.
Tidewater Midstream is currently under evaluation in book value per share category among its peers.

Tidewater Fundamentals

About Tidewater Midstream Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Tidewater Midstream and's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Tidewater Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Tidewater Midstream and based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Pair Trading with Tidewater Midstream

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tidewater Midstream position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tidewater Midstream will appreciate offsetting losses from the drop in the long position's value.

Moving against Tidewater Stock

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The ability to find closely correlated positions to Tidewater Midstream could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tidewater Midstream when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tidewater Midstream - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tidewater Midstream and to buy it.
The correlation of Tidewater Midstream is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tidewater Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tidewater Midstream and moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tidewater Midstream can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Tidewater Stock

Tidewater Midstream financial ratios help investors to determine whether Tidewater Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tidewater with respect to the benefits of owning Tidewater Midstream security.