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

Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) traded up 66.7% during trading on Saturday . The company traded as high as C$0.21 and last traded at C$0.20. 6,932,558 shares traded hands during mid-day trading, an increase of 1,017% from the average session volume of 620,391 shares. The stock had previously closed at C$0.12.

Wall Street Analysts Forecast Growth

TWM has been the topic of several recent research reports. 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. Scotiabank cut their target price on Tidewater Midstream and Infrastructure from C$0.45 to C$0.30 in a research report on Friday, November 15th. Finally, CIBC lifted their price target 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. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat.com, Tidewater Midstream and Infrastructure currently has an average rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Trading Up 66.7 %

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 cap of C$86.21 million, a price-to-earnings ratio of -0.24, a PEG ratio of 0.64 and a beta of 1.67. The company has a 50-day moving average price of C$0.17 and a 200 day moving average price of C$0.23.

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.