Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 66.7% – Should You 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 6,804,020 shares changed hands during trading, an increase of 1,017% from the average daily volume of 609,257 shares. The stock had previously closed at C$0.12.

Analysts Set New Price Targets

Several analysts have recently weighed in on TWM shares. CIBC lifted their target price on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research report on Thursday, January 9th. Atb Cap Markets downgraded Tidewater Midstream and Infrastructure from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, November 15th. Finally, Scotiabank decreased their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and a consensus target price of C$0.66.

Tidewater Midstream and Infrastructure Stock Performance

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