Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 6% – What’s Next?

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s stock price traded up 6% during trading on Friday . The company traded as high as C$0.27 and last traded at C$0.27. 362,549 shares were traded during trading, a decline of 39% from the average session volume of 594,961 shares. The stock had previously closed at C$0.25.

Analyst Upgrades and Downgrades

Separately, CIBC boosted their price objective on shares of 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. One equities 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.com, the stock has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Stock Up 6.0 %

The company has a market cap of C$114.23 million, a price-to-earnings ratio of -0.32, a P/E/G ratio of 0.64 and a beta of 1.67. The stock’s 50-day moving average is C$0.20 and its 200-day moving average is C$0.21. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 183.03.

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.