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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) traded up 66.7% during mid-day trading on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares traded hands 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 analysts recently weighed in on the stock. 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. Scotiabank decreased 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, CIBC upped their price target 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 report on Thursday, January 9th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The firm has a market cap of C$86.21 million, a price-to-earnings ratio of -0.24, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The business’s 50 day moving average price is C$0.17 and its 200-day moving average price is C$0.23. The company has a debt-to-equity ratio of 183.03, a quick ratio of 0.55 and a current ratio of 1.23.

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.