Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 70.8% – Still a Buy?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price shot up 70.8% during mid-day trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.21. 5,142,599 shares were traded during mid-day trading, an increase of 803% from the average session volume of 569,686 shares. The stock had previously closed at C$0.12.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. CIBC upped their price target on shares of 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 reduced their target price on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a report on Friday, November 15th. Finally, Atb Cap Markets downgraded shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The stock 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 quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03.

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.