Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 3.4% – Here’s Why

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares shot up 3.4% on Tuesday . The company traded as high as C$0.31 and last traded at C$0.30. 1,166,259 shares were traded during trading, an increase of 64% from the average session volume of 709,329 shares. The stock had previously closed at C$0.29.

Analyst Ratings Changes

TWM has been the topic of several research reports. Scotiabank downgraded Tidewater Midstream and Infrastructure from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$0.85 to C$0.45 in a research report on Friday, August 16th. CIBC reduced their price objective on Tidewater Midstream and Infrastructure from C$0.90 to C$0.50 in a research note on Friday, August 16th. Acumen Capital decreased their target price on Tidewater Midstream and Infrastructure from C$1.10 to C$0.55 in a report on Monday, August 19th. National Bank Financial downgraded shares of Tidewater Midstream and Infrastructure from a “hold” rating to a “strong sell” rating in a report on Sunday, August 18th. Finally, ATB Capital reduced their price target on shares of Tidewater Midstream and Infrastructure from C$1.10 to C$0.80 in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$0.69.

Tidewater Midstream and Infrastructure Stock Up 3.4 %

The stock has a market cap of C$129.03 million, a PE ratio of -0.34, a P/E/G ratio of 0.64 and a beta of 1.67. The business has a 50 day moving average price of C$0.31 and a 200 day moving average price of C$0.50. The company has a quick ratio of 0.55, a current ratio of 0.63 and a debt-to-equity ratio of 158.54.

Tidewater Midstream and Infrastructure (TSE:TWM) last released its quarterly earnings data on Thursday, August 15th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$461.30 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 71.39% and a negative net margin of 18.67%. Equities research analysts expect that Tidewater Midstream and Infrastructure Ltd. will post 0.0199855 EPS for the current fiscal year.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd. operates as a diversified midstream and infrastructure company in the United States. The company primarily focuses on natural gas, natural gas liquids (NGLs), crude oil, refined products, and renewable products and services. It also engages in the sale of refined petroleum products, including gasoline, low sulphur diesel, and ancillary products, as well as renewable fuels and natural gas; and gathering, processing, transporting, extraction, and marketing of crude oil, natural gas, and NGLs.