Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 41.7% – Here’s Why

Posted by Teresa Graham on Feb 28th, 2025

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM – Get Free Report) rose 41.7% on Friday . The stock traded as high as C$0.20 and last traded at C$0.17. Approximately 2,002,192 shares traded hands during mid-day trading, an increase of 328% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. CIBC lifted their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a report on Thursday, January 9th. Finally, Scotiabank cut their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$0.66.

View Our Latest Stock Analysis on TWM

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03. The stock’s fifty day moving average price is C$0.16 and its two-hundred day moving average price is C$0.23. The stock has a market capitalization of C$86.21 million, a P/E ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67.

About Tidewater Midstream and Infrastructure

(Get Free Report)

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.