Tidewater Midstream and Infrastructure (TSE:TWM) Shares Down 18.2% – Time to Sell?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price dropped 18.2% during mid-day trading on Monday . The company traded as low as C$0.14 and last traded at C$0.14. Approximately 597,052 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 435,922 shares. The stock had previously closed at C$0.17.

Analyst Ratings Changes

A number of research firms recently commented on TWM. Scotiabank decreased 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. Atb Cap Markets lowered Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, November 15th. Finally, CIBC boosted their target price on 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. One 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 company has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Down 12.1 %

The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23. The business’s 50 day moving average is C$0.16 and its 200-day moving average is C$0.24. The stock has a market cap of C$62.51 million, a price-to-earnings ratio of -0.18, a PEG ratio of 0.64 and a beta of 1.67.

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.