Tidewater Midstream and Infrastructure (OTCMKTS:TWMIF) Shares Up 0.6% – Time to Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (OTCMKTS:TWMIF) rose 0.6% on Tuesday . The stock traded as high as $3.54 and last traded at $3.54. Approximately 78,600 shares traded hands during mid-day trading, an increase of 458% from the average daily volume of 14,083 shares. The stock had previously closed at $3.52.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reiterated a “sector perform” rating on shares of Tidewater Midstream and Infrastructure in a research report on Monday, October 20th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Tidewater Midstream and Infrastructure Trading Up 0.6%

The company has a fifty day moving average of $3.75 and a two-hundred day moving average of $3.60.

About Tidewater Midstream and Infrastructure

Tidewater Midstream and Infrastructure Ltd., trading OTCMKTS under the symbol TWMIF, is a Calgary-based energy infrastructure company specializing in midstream services. The company owns and operates a network of natural gas gathering systems, processing plants and liquids handling facilities. Its core activities include the processing of raw natural gas into marketable products, the transportation of natural gas liquids (NGLs) and condensate, and the storage and marketing of hydrocarbon products.

Operating primarily in the Western Canadian Sedimentary Basin, Tidewater Midstream serves oil and gas producers across Alberta and Saskatchewan.