Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 66.7% – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price was up 66.7% on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,276,182 shares changed hands during trading, an increase of 953% from the average daily volume of 596,126 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TWM shares. CIBC upped their price target on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a “neutral” rating in a research report on Thursday, January 9th. Scotiabank dropped their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report 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 report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

The company has a market cap of C$86.21 million, a P/E ratio of -0.24, a P/E/G ratio of 0.64 and a beta of 1.67. The firm has a 50 day moving average price of C$0.17 and a 200-day moving average price of C$0.23. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23.

About Tidewater Midstream and Infrastructure

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.