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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM)’s share price was up 66.7% on Friday . The stock traded as high as C$0.21 and last traded at C$0.20. Approximately 6,932,558 shares were traded during mid-day 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 research analysts have recently weighed in on TWM shares. 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 report on Thursday, January 9th. Scotiabank cut their target price 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 lowered 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 analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

The firm’s 50-day simple moving average is C$0.17 and its 200-day simple moving average is C$0.23. 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 market capitalization 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.

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.