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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price rose 66.7% on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares traded hands during trading, an increase of 1,017% from the average daily volume of 620,391 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Atb Cap Markets lowered shares of Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, November 15th. Scotiabank reduced 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. Finally, CIBC raised 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. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat, Tidewater Midstream and Infrastructure currently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock 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 firm has a market capitalization of C$86.21 million, a P/E ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The firm’s fifty day moving average price is C$0.17 and its 200-day moving average price is C$0.23.

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.