Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 66.7% – Time to Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shot up 66.7% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares were traded during mid-day trading, an increase of 1,017% from the average session volume of 620,391 shares. The stock had previously closed at C$0.12.

Analyst Ratings Changes

A number of brokerages have recently commented on TWM. Scotiabank reduced their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research note on Friday, November 15th. CIBC lifted 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 note on Thursday, January 9th. Finally, Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The company has a market cap of C$86.21 million, a PE ratio of -0.24, a P/E/G ratio of 0.64 and a beta of 1.67. The business’s fifty day moving average is C$0.17 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.