Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 47.9% – Time to Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price was up 47.9% during trading on Friday . The stock traded as high as C$0.20 and last traded at C$0.18. Approximately 2,722,192 shares changed hands during mid-day trading, an increase of 482% from the average daily volume of 467,351 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

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

Tidewater Midstream and Infrastructure Stock Performance

The firm has a market capitalization of C$86.21 million, a price-to-earnings ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. 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 50-day moving average is C$0.16 and its 200-day moving average is C$0.23.

Tidewater Midstream and Infrastructure Company Profile

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.