Tidewater Midstream and Infrastructure (TSE:TWM) Trading 66.7% Higher – Here’s What Happened

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shares traded up 66.7% on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares traded 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.

Analyst Upgrades and Downgrades

TWM has been the subject of a number of research analyst reports. Scotiabank reduced their price objective on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. 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 note on Thursday, January 9th. 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 given a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

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 capitalization of C$86.21 million, a price-to-earnings ratio of -0.24, a P/E/G ratio of 0.64 and a beta of 1.67. The business’s 50-day moving average price is C$0.17 and its two-hundred day moving average price is C$0.23.

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.