Tidewater Midstream and Infrastructure (TSE:TWM) Trading Up 66.7% – What’s Next?

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

A number of equities analysts recently commented on the company. CIBC lifted their price objective on Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the stock a “neutral” rating in a research note on Thursday, January 9th. Scotiabank dropped their price target on shares of Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, Atb Cap Markets cut 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 equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 66.7 %

The company has a market cap 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 stock’s 50-day moving average is C$0.17 and its 200-day moving average is C$0.23. The company has a current ratio of 1.23, a quick ratio of 0.55 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.