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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price shot up 66.7% during trading on Saturday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares changed hands 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.

Wall Street Analysts Forecast Growth

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

Tidewater Midstream and Infrastructure Price Performance

The company’s 50-day moving average price is C$0.17 and its 200-day moving average price is C$0.23. The company has a debt-to-equity ratio of 183.03, a current ratio of 1.23 and a quick ratio of 0.55. 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.

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.