Tidewater Midstream and Infrastructure (TSE:TWM) Stock Price Up 6% – Time to Buy?

Shares of Tidewater Midstream and Infrastructure Ltd. (TSE:TWM) shot 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 traded hands during trading, a decline of 39% from the average session volume of 594,961 shares. The stock had previously closed at C$0.25.

Wall Street Analyst Weigh In

Separately, CIBC raised their price objective on shares of Tidewater Midstream and Infrastructure from C$0.30 to C$0.40 and gave the company a “neutral” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$0.66.

Tidewater Midstream and Infrastructure Price Performance

The company has a market capitalization of C$114.23 million, a P/E ratio of -0.32, a price-to-earnings-growth ratio of 0.64 and a beta of 1.67. The business’s 50-day moving average is C$0.20 and its two-hundred day moving average is C$0.21. The company has a quick ratio of 0.55, a current ratio of 1.23 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.